Bitcoin: Michaël van de Poppe Calls Bottom In
Michaël van de Poppe states the Bitcoin bottom is in after markets swept $80,000 without new lows and sees a clear path to $90,000-94,000 on a breakout above $81,000.
SourceAnalysis
Michaël van de Poppe declares the Bitcoin bottom is in after the market swept $80,000 yet printed no fresh lows.
With price at $81,643.51 sitting inside the Bollinger Bands and testing upper resistance at $81,811.68, the neutral RSI at 57.41 leaves room for continuation while the MACD golden cross and price holding above the EMA50 at $81,007.23 reinforce the bullish structure against the EMA200 at $81,688.60.
He requires a decisive break above $81,000 before targeting $90,000-94,000.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast