Bitcoin: Severe Indicator Crash Cuts Downside Odds

Bitcoin posted its most severe indicator crash on record after falling just 50% from the highs, making the odds of another leg down relatively slim according to Michaël van de Poppe.

Unlike the 2022 episode that required a major exchange failure, current conditions differ sharply and point to stabilization. With BTC price at $76891.26 trading inside the Bollinger Bands, price action tests upper resistance at $78822.9 that aligns with EMA50 resistance at $78561.09 in the prevailing bearish trend, while the MACD golden cross supports building momentum likely to hold above lower support at $76055.44 before any continuation. This confluence refines the latest BTC price prediction and reduces repeat crypto market crash fears.