Bitcoin: Larger Correction to Sweep Liquidity
Bitcoin at $83767.58 eyes long-side liquidity grab before reversal, per Michaël van de Poppe, with 4h chart showing bearish MACD death cross and EMA50 resistance at $84852.68.
SourceAnalysis
Bitcoin at $83767.58 faces a deeper pullback that sweeps long-side liquidity before any reversal, according to trader Michaël van de Poppe. Historical patterns from the past year show BTC often reverses sharply after such liquidity events, creating high-probability entries. On the 4h chart the pair sits in a bearish structure with price testing lower Bollinger support near $84023.88 while the EMA50 at $84852.68 caps upside and the EMA200 at $82029.41 offers deeper support; the MACD death cross at -108.98 reinforces downside momentum even as RSI at 35.59 remains neutral, suggesting a measured retracement to the 50-EMA before continuation. This setup aligns with classic BTC price prediction models that track liquidity-driven reversals rather than outright crypto market crash scenarios.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast