Bitcoin: Midterms Spur Direct Rally to $100000

Bitcoin is preparing for a direct push toward $100000 according to Michaël van de Poppe. The analyst dismisses the widely watched $75000 sweep and instead expects midterms to trigger immediate capital inflows into the asset and the broader ecosystem.

Price currently sits at $80162.58 inside the Bollinger Bands with the upper band at $81421.19 acting as near-term resistance. The 50-EMA at $78925.3 provides solid support while the 200-EMA at $80876.78 caps upside in the short term. MACD maintains its golden cross at 615.66 and RSI at 62.56 leaves room for continuation without overbought signals.

With price pressing the upper Bollinger band while the MACD golden cross remains intact, a brief consolidation above the 50-EMA support appears likely before the next leg higher materializes across both Bitcoin and Ethereum.