Bitcoin: Consolidation Targets Highs Retest
Bitcoin at $80124 builds consolidation range with highs test ahead as sub-$74000 levels flagged as entry zones amid EMA50 support at $76254.
SourceAnalysis
Bitcoin establishes a consolidation range that positions a retest of recent highs as the next probable move according to trader @CryptoMichNL.
Price action at $80124.13 sits inside Bollinger Bands with upper resistance at $80508.39 while the 50-EMA holds firm at $76254.59 as primary support; RSI at 63.61 leaves room for continuation yet the MACD death cross signals near-term momentum caution, favoring a measured pullback to the 50-EMA before any sustained push higher. Sub-$74000 remains the high-conviction accumulation zone for BTC price prediction setups.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast