Bitcoin: Cycle Repeat Eyes $100000 Run

Bitcoin is tracing the identical sequence from the prior cycle, according to Michaël van de Poppe. A weekly bullish divergence formed at the low, followed by a breakout that swept the previous high exactly as seen in 2022.

After the sweep, price is undergoing a shallow pullback to the recent low. Van de Poppe expects no further sweep of that low, citing crowded positioning, and projects the subsequent phase as a direct advance toward $100000.

On the 4h chart Bitcoin trades at $77966.25 inside the Bollinger Bands while the EMA50 at $79363.21 and EMA200 at $81195.62 cap upside. The neutral RSI at 43.35 combined with the MACD golden cross at -600.41 suggests the current dip is testing short-term band support near $75626 before any resumption higher.