Bitcoin: Key Levels for Upward Grind
Bitcoin holds above 21-MA at $80,722, eyeing $79K support amid altcoin strength; expect 30-50% corrections in June/July per analyst.
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Crypto analyst Michaël van de Poppe asserts that Bitcoin will keep grinding higher as long as price stays above the 21-day moving average, with $79K as critical short-term support and $76K as a fallback to maintain structure. He warns that rising altcoin strength signals the end phase of this rally, urging traders to take profits during breakouts ahead of widespread 30-50% corrections in June or July, aligning with historical altcoin season patterns where sharp pullbacks follow Bitcoin rallies.
Zooming into the 4-hour chart, Bitcoin trades at $80,722.59 in a clear bullish trend, hugging the EMA50 at $79,958.22 as immediate support while the EMA200 at $76,183.63 anchors longer-term stability. Momentum stays neutral with RSI at 54.26, but MACD's golden cross at 137.52 screams bullish continuation; price dances inside Bollinger Bands, testing upper resistance at $81,318.63 that could cap gains short-term, yet a dip to lower support at $79,455.78 would offer prime re-entry before pushing higher, especially as confluence builds around these levels amid altcoin hype like TAO and Bitcoin dominance shifts.
Historical data from the past year shows Bitcoin's 21-day MA consistently underpinning rallies, much like the sustained performance tracking that drove gains through late 2025, setting the stage for this BTC price prediction of continued upside before an inevitable crypto market correction.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast