Bitcoin: Nasdaq Sweep Risks Drop Below $75K

Michaël van de Poppe expects the Nasdaq to sweep its prior correction lows and move slightly lower to clear liquidity before reversing, an acceleration that would pull Bitcoin below $75,000.

Price sits at $75,986.44 inside the Bollinger Bands with the lower band at $74,880.73 acting as immediate support while the upper band at $81,336.52 remains distant resistance. The bearish EMA50 at $78,653.78 and EMA200 at $80,802.07 continue to cap upside, and the MACD death cross at 36.47 reinforces downside pressure even as RSI at 35.99 stays neutral. A sweep toward the lower band would align with the liquidity grab van de Poppe describes before any sustained bounce.