Bitcoin: Michaël van de Poppe Flags Correction Wick

Michaël van de Poppe flags the recent wick on Bitcoin as a standard bull-market correction rather than a trend reversal, noting that bears are euphoric over the horrific-looking chart while he places accumulation bids at lower levels.

Price sits at $73850 inside the Bollinger Bands with the upper band at $76798.66 acting as near-term resistance and the lower band at $73167.99 as support; the bearish EMA structure shows EMA50 at $76107.45 and EMA200 at $79543.68 as concrete overhead resistance, while RSI at 39.4 remains neutral and MACD at -730.22 confirms the death cross. A reclaim of $75000 would flip the short-term structure bullish and likely trigger the fast continuation move seen in prior 2025 corrections.