Bitcoin: Michaël van de Poppe Holds Thesis at $76K

Michaël van de Poppe reiterated his unchanged Bitcoin thesis on November 5, noting price has simply returned to yesterday's levels near $76,497 and that spot buyers sitting slightly underwater is normal market noise driven by leverage flows over the past 24 hours.

He welcomed Trump's reported sale of holdings and flagged $75,000 as the clearest long entry, coinciding with the Nasdaq low at 26,500, while urging continued accumulation.

On the 4h chart, Bitcoin trades inside its Bollinger Bands with price testing the lower half of the range between $74,969 support and $81,298 resistance; the bearish EMA structure places the 50-period average at $78,673 as immediate resistance and the 200-period at $80,807 as longer-term overhead, while RSI at 39.31 shows neutral momentum and the MACD death cross confirms trend weakness, suggesting any bounce toward the upper band will likely stall before a deeper test of the $75,000 confluence zone.