Bitcoin: Nears $73,500-$75,000 Test
Bitcoin nears $73,500-$75,000 test at $72,737.18 with RSI at 90.25, setting stage for stall and altcoin breakouts per @CryptoMichNL.
SourceAnalysis
Bitcoin is approaching its first real test at $73,500-75,000 after this breakout, which is why a stall appears probable before other assets in the ecosystem launch massive breakouts.
Price sits at $72,737.18 inside the Bollinger band on the 4h chart with a bullish EMA structure above the 50-EMA at $65,959.8 and 200-EMA at $64,519.22, yet the MACD golden cross at 2265.18 collides with RSI(14) at 90.25 overbought right under upper band resistance of $73,892.19, pointing to a healthy pullback toward EMA support before continuation in this BTC price prediction setup.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast