Bitcoin: Targets $90K as Altcoins Surge
Bitcoin eyes $90K amid bullish 21-MA support, fueling altcoin outperformance in ongoing crypto market rally; selective picks like TAO lead gains.
SourceAnalysis
Crypto analyst Michaël van de Poppe predicts Bitcoin (BTC) will push toward $90K as long as the daily 21-day moving average holds below current levels, creating room for altcoins to outperform selectively in this BTC price prediction phase.
Historically, during Bitcoin rallies to new highs over the past year, altcoins have shown strong altcoin outperformance, often accelerating when BTC consolidates above key moving averages, though corrections remain a constant threat that could wipe gains in a crypto market crash.
On the 4-hour chart, Bitcoin trades at $80,229.4 in a bullish structure with the EMA50 at $79,741.87 acting as immediate support and the EMA200 at $75,972.48 providing deeper confluence; yet the MACD shows a bearish death cross at 23.64, signaling potential exhaustion, while neutral RSI at 49.8 keeps momentum in check as price hovers inside Bollinger Bands—watch for a break above upper resistance at $82,210.69 to confirm upside or a dip to lower support at $79,044.13 for reaccumulation before targeting higher.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast