Bitcoin: Holds Above $79,000 to Build Momentum

Bitcoin holding above $79,000 marks a strong technical signal, Michaël van de Poppe noted after the initial impulse move.

Price at $80324.82 sits inside the Bollinger band with upper resistance at $81195.32 and lower support at $75416.35. The EMA50 at $78872.84 acts as immediate support while the EMA200 at $80867.76 caps upside. MACD at 590.73 confirms the golden cross and bullish structure, yet RSI at 64.52 leaves room before overbought conditions. With price testing upper Bollinger resistance while RSI stays neutral, a healthy retracement to the 50-EMA support at $78872.84 appears probable before continuation toward the next impulse.