Bitcoin: Needs High Breakout for Acceleration
@CryptoMichNL states Bitcoin shows a normal correction before the next impulse toward $90,000 once it clears the recent high, especially if the US Open turns green.
SourceAnalysis
Bitcoin is neither deeply bearish nor strongly bullish according to @CryptoMichNL, who views the recent Sunday pullback as a classic setup before acceleration once the prior high is cleared, with a green US Open likely to trigger outperformance on the way to $90,000.
Price sits at $82880.28 inside the Bollinger Bands with the upper resistance at $82921.26 acting as immediate overhead while the lower support rests at $80759.2. The 50-EMA at $82346.8 and 200-EMA at $82084.55 both function as solid higher-timeframe supports beneath current levels, and the MACD golden cross at 16.6 confirms underlying bullish momentum even as RSI at 57.96 remains neutral. A test of the upper band could produce a quick rejection that feeds back into the 50-EMA confluence zone before the next leg higher materializes.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast