Bitcoin: Strength Builds Toward $90K
Bitcoin shows multi-day strength with ETF demand driving gains, eyeing $90K at 50-week MA amid healthy consolidation.
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Bitcoin has demonstrated consistent strength over multiple days, prompting calls for healthy consolidation before resuming its upward trajectory, according to crypto analyst Michaël van de Poppe. He highlights surging ETF demand as a key driver that shows no signs of slowing, positioning the early weeks of the month as particularly bullish for BTC. With this momentum, Bitcoin appears poised to target the 50-week moving average around $90K, blending ongoing hype in the crypto space with potential influences from trending assets like TAO in broader market sentiment.
From a technical confluence standpoint, Bitcoin's 4-hour chart screams controlled bullishness as price action at $81,451.76 hovers comfortably above the EMA50 support at $78,911.72 and the deeper EMA200 floor around $75,273.53, reinforcing a solid uptrend structure. The MACD golden cross at 925.86 signals strengthening momentum without exhaustion, while the neutral RSI of 65.2 keeps overbought risks at bay—yet with price trading inside the Bollinger Bands, any push toward the upper resistance at $82,395.15 could trigger a tactical pullback to test lower support near $77,606.96, setting up for higher highs in this BTC price prediction cycle amid avoiding a crypto market crash scenario.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast