Bitcoin: Smashes Resistance as Bulls Hold Above EMA50

Bitcoin just smashed resistance and traders must watch the structure closely after yesterday's move, according to @MI_Algos analysis shared on September 4, 2026.

With price at $79435.35 holding a bullish trend structure above the EMA50 at $78402.27 and EMA200 at $72745.66, the MACD golden cross at 617.62 signals sustained momentum while RSI(14) at 52.42 stays neutral. Price sits inside the Bollinger Bands with upper resistance at $82302.55, so any test of that level could trigger a healthy retracement toward the 50-EMA support before continuation. This setup directly informs BTC price prediction models and Bitcoin technical analysis for the weekly close above the 50-week SMA.