Bitcoin: Correction Sets Stage for Upside Continuation

Bitcoin is experiencing a modest pullback, according to Michaël van de Poppe, who argues there is no reason for bearish positioning as prior bottoming phases have consistently delivered an initial push, consolidation and renewed upside.

The analyst highlighted parallels to momentum resets that preceded the 2015, 2019 and 2022 bull runs, noting the current phase aligns with that established sequence.

On the 4-hour chart Bitcoin trades at $82598.93 inside the Bollinger Bands, testing the upper resistance at $82900.78 while the lower band sits at $80895.89. The EMA50 at $82244.62 and EMA200 at $82050.39 continue to act as layered support beneath price, and the MACD golden cross at 35.64 keeps the broader trend structure bullish even as RSI at 55.83 remains neutral. With price pressing the upper band yet momentum indicators showing no overbought conditions, the setup favors a brief consolidation toward the 50-EMA before the next leg higher.