Bitcoin: Maintains Structure Pre-GDP Data

Bitcoin structure stays intact as GDP data looms today, with the first 1-2 weeks of the month often delivering positive vibes. Analyst Michaël van de Poppe flags that holding above $73K paves the way for a push to $86-90K, blending BTC price prediction optimism into the mix amid recent crypto bull run momentum.

Zooming into the 4-hour chart, Bitcoin trades at $75,978.45 within a bearish trend, where the EMA50 at $76,789.25 acts as immediate overhead resistance while the EMA200 at $74,127.09 provides deeper support. MACD signals a death cross with -404.98, underscoring bearish strength, yet neutral RSI at 42.64 suggests room for reversal if volatility bands hold—price nestles inside with upper resistance at $78,494.46 capping gains and lower support at $75,005.67 guarding against dips, setting up confluence for a potential bounce if macro data sparks buying in this Bitcoin market analysis.