Bitcoin: Range Bound Signals Low Sweep Risk
Bitcoin at $78661.4 stays range bound after highs rejection, with trader Michaël van de Poppe flagging potential lows sweep amid bullish EMA structure.
SourceAnalysis
Bitcoin remains stuck in the range after rejecting the highs, raising the odds of a sweep toward the lows according to Michaël van de Poppe. At $78661.4 the 4h structure holds a bullish trend with price above the EMA50 at $77559.52 and EMA200 at $71286.27, yet the MACD golden cross at 74.96 sits alongside neutral RSI at 53.13 while price tests the upper Bollinger resistance at $79118.29. This confluence points to short-term volatility exhaustion that favors a healthy retracement toward the $77559.52 EMA50 support before any continuation higher, shaping near-term BTC price prediction and crypto market analysis views.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast