Bitcoin: Targets $85K Rally
Bitcoin eyes $85K amid CME gap closure and Middle East uncertainties, with $72K support key for upward momentum in bullish trend.
SourceCrypto analyst Michaël van de Poppe sees no major concerns in the markets, attributing recent dips to Friday liquidity sweeps and profit-taking amid Middle East uncertainties driving risk-off sentiment before Monday's open. This created a large CME gap for Bitcoin (BTC), which he expects to close soon, paving the way for upward momentum to $85K as long as $72K holds as support—aligning with ongoing BTC price prediction trends and avoiding a deeper crypto market crash.
From a technical confluence perspective, Bitcoin's 4-hour chart screams controlled bullish structure despite mixed signals. Price at $75,858.22 sits comfortably above the EMA200 at $71,518.53, acting as rock-solid long-term support, while the EMA50 at $74,391.66 provides immediate upside cushion. MACD shows a bearish death cross with a reading of 398.88, hinting at short-term exhaustion, but neutral RSI at 54.65 keeps momentum balanced. Volatility bands pin the action inside, with upper resistance at $77,738.95 capping gains and lower support at $73,968.41 aligning closely with van de Poppe's $72K floor—expect a probe toward that upper band before any retrace, especially if Middle East hype fades and BTC mirrors recent rallies in assets like TAO.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast