Bitcoin: Structure Intact as Correction Eyes Support
Bitcoin holds at $78,884.72 with structure intact per @CryptoMichNL, eyeing $76,400 support before range builds for altcoins.
SourceAnalysis
Bitcoin structure remains intact amid correction, with @CryptoMichNL targeting $76,400-$77,100 support levels before a range forms that lifts altcoins.
Price action at $78,884.72 sits inside Bollinger Bands with upper resistance at $80,356.83, while EMA50 at $75,327.43 and EMA200 at $68,635.84 act as concrete long-term supports; RSI at 58.74 stays neutral even as MACD shows a death cross at 885.71, pointing to a probable retracement toward the 50-EMA before continuation.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast