Bitcoin: Resistance Break Questioned by Analyst

Michaël van de Poppe questions whether Bitcoin can break current resistance, stating that a successful breach would allow continuation of the run.

Price sits at $76087.5 inside the Bollinger Bands with upper resistance at $78175.11 and lower support at $74160.74. The structure remains bearish as price trades below both EMA50 at $77313.35 and EMA200 at $80197.03, yet the MACD at -504.22 has printed a golden cross while RSI holds neutral at 42.63. With price testing upper Bollinger resistance while the longer-term moving averages cap upside, a healthy retracement toward the 50-EMA support at $77313.35 appears probable before further continuation.