Bitcoin: Holds Support for $82,700 Advance

Bitcoin must defend its current zone or risk a sweep toward $77,100 and $76,400, according to trader @CryptoMichNL, while a hold opens the path to $82,700 and the next altcoin leg higher.

Price sits at $78514.87 inside the Bollinger band with upper resistance at $80214.35 and lower support at $75629.42; the bullish structure above EMA50 at $74033.8 and EMA200 at $67793.33 remains intact despite the MACD death cross at 1626.78 and neutral RSI at 60.35, suggesting any test of the 50-EMA could precede continuation toward the upper band target.