Bitcoin: Faces Correction But Trend Upward

Bitcoin traders are eyeing a small CME gap below current levels, explaining the ongoing market corrections for #BTC, according to analyst Michaël van de Poppe. He emphasizes that the overall trend stays firmly upward, with the 21-MA sitting below the price, ample momentum persisting, and no disruption to the higher-high, higher-low pattern—signaling no imminent stall in the rally. This aligns with recent patterns over the past six months, where Bitcoin has repeatedly bounced from similar dips, fueling BTC price prediction models that forecast continued gains amid broader crypto market correction phases, even as viral trends like TAO and Bitcoin hype draw in fresh capital.

On the 4-hour chart, Bitcoin trades at $80,650 within a bullish structure, hugging the EMA50 at $80,220.58 as immediate support while the EMA200 at $76,425.66 anchors longer-term floors. Momentum sits neutral with RSI at 49.52, but the MACD's bearish death cross at 201.8 hints at short-term exhaustion—yet price coils inside Bollinger Bands, testing the upper resistance at $81,756.09 against lower support at $79,548.01. Confluence here screams opportunity: as volatility squeezes toward the upper band, a quick dip to retest the EMA50 could flush weak hands before resuming the uptrend, much like the consolidations we've hammered through in recent crypto upward trend cycles.