Bitcoin: Fails to Hold $78,000 as Range Tightens
Bitcoin slips below $78,000 with 4h chart showing bearish MACD death cross and $76,269 Bollinger support in focus before any recovery.
SourceAnalysis
Bitcoin is not holding $78,000, opening the door to a deeper sweep of lows while price remains trapped in the range, mirroring the choppy action seen at the end of August.
Price at $76713.57 sits below the EMA50 resistance at $77840.71 yet above the EMA200 support at $74460.02, with RSI at 40.72 keeping momentum neutral and MACD at -74.59 locking in the death cross; this confluence points to a test of the lower Bollinger band at $76269.25 before any push higher, shaping near-term BTC price prediction amid elevated crypto market volatility and ongoing Bitcoin technical analysis scrutiny.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast
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