Bitcoin: Friday Correction Eyes $78K Range
Bitcoin at $79410.54 targets $78K support in range as Michaël van de Poppe flags altcoin accumulation window before $82,700 spike.
SourceAnalysis
Bitcoin risks an ugly Friday candle that lands at $78K and extends the range, according to Michaël van de Poppe.
The trader sees no immediate sweep of lows, only routine correction while price remains trapped, creating prime conditions for altcoin accumulation ahead of any move above the yearly high at $82,700.
Price sits at $79410.54 inside the Bollinger band with upper resistance at $82232.71 and lower support at $75191.21; the bullish EMA50 at $78359.63 and EMA200 at $72679.13 plus MACD golden cross at 697.19 keep the structure intact, yet neutral RSI at 52.26 points to a measured retracement toward the 50-EMA before continuation.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast
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