Bitcoin: Correction Normal in Bull Market
Michaël van de Poppe notes that markets priced in a crash 40 years after Black Monday yet Monday delivered almost no movement, underscoring that Bitcoin remains in a bull market correction rather than a top.
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Michaël van de Poppe highlighted the disconnect between weekend panic over a repeat of Black Monday and the muted Monday open, arguing Bitcoin is simply correcting inside its ongoing bull market.
Price sits at $80519.7 below both the EMA50 at $81402.84 and EMA200 at $81845.26, confirming the bearish trend structure, yet the MACD golden cross at -435.25 signals building momentum while RSI at 44.75 stays neutral. With price inside the Bollinger Bands and testing toward upper resistance at $81767.12, a measured pullback toward the lower band support at $79592.18 aligns with the bullish divergence that previously marked the bottom.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast