Bitcoin: Michaël van de Poppe Buys After August Low Sweep

Bitcoin swept the August low at $68,853.50, triggering fear across the market as the Z-Score stretches further downside and 200-day moving average liquidity gets taken.

With price testing lower Bollinger support at $68,898.76 while RSI(14) sits at 19.91 in oversold territory and MACD confirms a death cross at -1502.51, the 4h structure shows bearish EMA50 resistance at $74,287.42 and EMA200 at $78,559.82; this confluence points to a short-term exhaustion wick that favors a relief bounce toward the $72,000-$74,000 zone before any sustained continuation lower.