Bitcoin: Michaël van de Poppe Calls $58K Bottom

Bitcoin analyst Michaël van de Poppe stated a high possibility that the low has already formed, echoing trader James Easton who assigned extremely high probability to the $58k level as the cycle bottom.

Price action on the 4h chart shows BTC at $65048.94 holding above the EMA50 at $64371.2 and EMA200 at $63712.74, with MACD confirming a golden cross at 275.43 while RSI sits neutral at 61.8 inside the Bollinger band. The upper band at $65320.68 now acts as immediate resistance; a clean break there would target continuation higher, while any rejection likely finds support at the EMA50 before the next leg.