Bitcoin: MichNL Eyes $90K-$94K on $80.5K Hold

Bitcoin draws heavy buying interest at the $80,500-$81,000 zone even as social media sentiment turns extremely negative, notes trader Michaël van de Poppe. The setup mirrors last month's consolidation that flipped levels bullish and triggered a rapid advance, with the analyst targeting $90,000-$94,000 over coming months if support holds.

Price action on the 4-hour chart shows Bitcoin at $80,007.95 inside a bearish structure with EMA50 resistance at $81,090.19 and EMA200 at $81,745.86, yet the MACD golden cross at -417.43 indicates building momentum while neutral RSI at 41.42 and location inside the Bollinger Bands point to a probable retracement toward the 50-EMA before any sustained continuation.