Bitcoin: Targets Key Resistance Zones
Bitcoin eyes resistance at $86-88K and $93-95K amid bull cycle rally, with potential retest to $70-75K, per analyst Michaël van de Poppe.
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Analyst Michaël van de Poppe highlights two critical resistance zones for Bitcoin in the ongoing bull cycle: $86-88K and $93-95K, aligned 강 at the 50-week moving average. He draws parallels to the 2017, 2021, and 2024 cycles, where rallies hit resistance at prior support levels or the 50-week MA. BTC could consolidate here for weeks, allowing altcoins to surge and traders to recoup losses or compound profits. Post-consolidation, a retest to $70-75K looms before further upside, with the bear market bottom firmly in place.
As a senior macro-crypto prop trader scanning the 4-hour chart, confluence screams caution amid this bullish grind. Price at $80,348.58 hugs the EMA50 support at $79,746.55, well above the EMA200 at $75,973.66 confirming the uptrend's backbone, but MACD's death cross at 33.15 signals bearish momentum creeping in. RSI at 51.1 stays neutral, yet with BTC trading inside Bollinger Bands—upper resistance at $82,211.23 capping gains and lower support at $79,055.5 as a safety net—a shallow pullback tests that EMA50 before bulls reload for the next leg toward those key zones. This setup aligns with BTC price prediction models eyeing volatility exhaustion, much like recent crypto bull cycle patterns, while weaving in hype around TAO and Bitcoin integrations boosting sentiment.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast