Bitcoin: Holds Above $78,000 on Fresh Bounce
Bitcoin holds above $78,000 as trader Michaël van de Poppe flags continuation toward prior highs, with 4h chart showing EMA50 support at $75181.98 amid neutral RSI.
SourceAnalysis
Bitcoin is bouncing back above $78,000, and @CryptoMichNL sees no barrier to retesting prior highs if that floor holds.
Price sits at $78455.95 inside the Bollinger band with upper resistance at $80386.56, while the bullish structure keeps EMA50 at $75181.98 as concrete support and EMA200 at $68532.95 as deeper anchor; the MACD death cross at 932.31 signals fading momentum even as RSI at 56.23 stays neutral, pointing to a likely test of the 50-EMA before any fresh leg higher in BTC price prediction scenarios.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast