Bitcoin: Trader Eyes $77600 Support for Entry
Bitcoin at $79714 sits between $77600 support and $80800 resistance per @CryptoMichNL, with no daytrades advised until levels hit.
SourceAnalysis
Bitcoin trades in a neutral zone at $79714.89 as @CryptoMichNL signals zero interest in daytrades until price reaches either the $77600 support or $80800 resistance.
With price testing upper Bollinger resistance near $82556 while RSI holds neutral at 53.81, a healthy retracement to the 50-EMA support at $78645 seems probable before further continuation, especially as MACD shows a death cross at 411.94 despite the broader bullish EMA structure above the 200-day at $73081.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast