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.
SourceAnalysis
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
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast