Bitcoin: Eyes $74,000 Target on Daily Support Hold
Bitcoin targets $74,000-$79,000 if daily 21-MA and range support hold, with altcoins providing fresh momentum at $65005 current price.
SourceAnalysis
Bitcoin faces a decisive test over the coming sessions as it battles the 21-MA on the daily chart while attempting to reclaim prior range support as a floor.
Analyst Michaël van de Poppe flags clear upside objectives at $74,000 and $79,000 once those levels are secured, noting that altcoin strength is now lifting the broader market rather than weighing on BTC as in prior cycles.
On the 4h chart Bitcoin trades at $65005.24 inside the Bollinger Bands with upper resistance at $67437.68; the neutral RSI at 47.55 combined with price sitting just above the EMA50 at $64865.49 suggests a measured push toward band resistance before any deeper pullback to that EMA50 support, while the MACD death cross at 403.17 keeps medium-term momentum in check until a decisive close above the upper band materializes.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast