Bitcoin: Mich Van De Poppe Flags Sweep Scenarios
Bitcoin at $84202.2 sees equal odds of upward reversal or $81K retest after sweep, with altcoin dip-buying favored per CryptoMichNL.
SourceAnalysis
Bitcoin at $84202.2 drew fresh scrutiny from @CryptoMichNL after a sweep that leaves two paths open with equal probability: a direct reversal higher or a second leg lower toward the $81K zone.
Price sits inside the Bollinger Bands with upper resistance at $88891.37 and lower support at $80402.47, while the EMA50 at $82096.93 and EMA200 at $76954.75 mark layered support beneath current levels. The MACD death cross at 1236.3 signals fading momentum even as RSI at 52.97 stays neutral, suggesting any push toward upper-band resistance could stall and trigger a healthy pullback to the 50-EMA before continuation. BTC price prediction models now hinge on whether that sweep marks the low or merely a pause, with dip-buying remaining the preferred stance across altcoin markets.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast