Bitcoin: Midterms and Bessent Liquidity in Focus

Bitcoin posted a sharp recovery from recent lows according to Michaël van de Poppe, yet the market still faces tomorrow’s midterm results and potential liquidity moves from Scott Bessent. The analyst keeps his core view that price is bottoming on a sell-the-rumor-buy-the-news setup and argues crypto remains the highest-conviction asset class versus the S&P 500. On the 4-hour chart, price at $77,866.99 sits inside the Bollinger Bands with the upper band at $78,667 offering immediate resistance while the 50-EMA at $78,587 acts as the first meaningful support; the MACD golden cross signals building bullish momentum even as the broader structure stays bearish below the 200-EMA at $80,870 and RSI holds neutral at 49.67. A decisive close above $79,000 would confirm the correction low is in, while failure keeps the door open to a test of the lower band near $76,649 before any sustained advance.