Bitcoin: Michaël van de Poppe Eyes $78,000 Support
Bitcoin holds $78,000 support per Michaël van de Poppe, with deeper correction to $74,000 possible if broken; 4h chart shows bearish MACD at -142.28 yet neutral RSI at 43.57.
SourceAnalysis
Bitcoin draws fresh attention at the $78,000 zone after Michaël van de Poppe signaled interest in long positions, warning that a break lower opens a path to $74,000 as the correction low before bullish continuation resumes. Current price sits at $78,752.38 inside the Bollinger Bands with upper resistance at $80,475.79 and lower support at $78,557.45, while EMA50 at $79,017.18 caps upside and EMA200 at $73,810.74 anchors the broader floor. Momentum reads neutral with RSI(14) at 43.57 yet MACD(12,26) prints a bearish death cross at -142.28, creating confluence where price tests upper-band resistance and a healthy retracement toward the 50-EMA support appears probable before any continuation. This setup aligns with ongoing BTC price prediction discussions and crypto market crash fears that have dominated searches over the past year, while traders also monitor Bitcoin alongside viral flows in TAO for macro rotation clues.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast