Bitcoin: Holds Above 200-Day MA as Trader Eyes $75K Break

Bitcoin holds above the 200-day moving average, according to Michaël van de Poppe, though he stresses confirmation is still pending. The trader outlined clear levels at $75,000, $77,200 and the 21-MA that must be cleared before he turns aggressively bullish toward $100,000.

Price sits at $74,528.71 on the 4-hour chart inside the Bollinger Bands with the upper band at $76,099.64 acting as immediate resistance. The EMA50 at $75,739.9 and EMA200 at $79,280.56 frame the next resistance cluster while the MACD golden cross at -566.25 supports momentum despite the neutral RSI reading of 46.82. A sustained push through the upper band and EMA50 would open the path to the higher targets cited in the tweet.