Bitcoin: Trader Eyes $77,900 Break for Entry
Bitcoin at $77191 shows indecision as @CryptoMichNL eyes long entry above $77900 amid bearish EMA structure and neutral RSI on 4h chart.
SourceAnalysis
Bitcoin shows indecision as @CryptoMichNL waits for a break above $77900 to enter long, with price sitting at $77191.04 on the 4h chart.
Price trades inside Bollinger Bands with upper resistance at $78604.03 while EMA50 at $78129.07 caps upside and EMA200 at $74208.88 anchors the longer-term floor; RSI at 40.59 stays neutral yet MACD golden cross at -388.5 signals building bullish momentum that could push toward the upper band before any retracement to the 50-EMA support.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast