Bitcoin: Targets $82,800 High in Upward Push
Bitcoin eyes $82,800 high with support above $73,000 as price holds $80,672 amid overbought RSI on 4h chart.
SourceAnalysis
Bitcoin continues its ascent toward the $82,800 high, with @CryptoMichNL forecasting sustained support above $73,000 in this strong market.
Price action at $80,672.22 tests upper Bollinger resistance at $80,305.63 while RSI(14) at 76.61 flashes overbought, pointing to a healthy retracement toward EMA50 support at $73,673.34 before continuation in the current bullish structure despite the MACD death cross. This setup aligns with recent Bitcoin historical price peaks and cycle analysis, feeding into updated BTC price prediction models and broader crypto market momentum.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast