Bitcoin: Trader Eyes $78200 Dip After Range Highs
Bitcoin at $81315.9 tests range highs as @CryptoMichNL forecasts correction to $78200 amid overbought RSI, with BTC price prediction pointing to EMA50 support.
SourceAnalysis
Bitcoin sits at range highs near $81315.9 as @CryptoMichNL outlines a test of recent peaks followed by consolidation and a leverage flush that targets a BTC correction to $79000 or $78200 for fresh bids.
With price testing upper Bollinger resistance at $82287.2 while RSI(14) flashes overbought at 77.33, a healthy retracement to the EMA50 support at $78030.8 seems probable before further continuation, even as the MACD golden cross at 1127.33 keeps the broader bullish structure intact for any BTC price prediction models.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast