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Latest Update
2026-10-07 23:22 UTC

Bitcoin: Sweep of Recent Lows Ends Correction

Bitcoin: Sweep of Recent Lows Ends Correction

Bitcoin sweeps recent lows ending correction at $83021.78 per Michaël van de Poppe, with 4h chart EMA50 resistance at $84548.48 and MACD death cross signaling BTC price action.

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Analysis

Bitcoin completed the sweep of recent lows as Michaël van de Poppe predicted yesterday, marking the likely end of this correction phase while price sits at $83021.78. The 4h chart reveals a bearish trend structure with EMA50 acting as resistance at $84548.48 above the EMA200 support at $82155.24, and MACD(12,26) locked in a death cross at -546.63; RSI(14) at 32.35 keeps momentum neutral inside the Bollinger Bands where price tests lower support near $82449.02 before any rebound attempt. This setup feeds directly into ongoing BTC price prediction discussions and tempers fears of a deeper crypto market crash as institutional flows watch for a clean reclaim above the upper band at $87322.07.


Michaël van de Poppe

@CryptoMichNL

Macro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast