Bitcoin: Trader Eyes $79,300 Support After High Sweep

Bitcoin swept session highs above $79,000 yesterday yet faces limited immediate upside according to trader @CryptoMichNL. The analyst flags $79,300 as the first support zone with potential quick tests of $77,900 and $76,900, urging traders to acclimate to the current range and prepare entries on dips.

On the 4h chart BTC trades at $79,593.5 inside the Bollinger Bands with upper resistance at $80,461.62. Price sits above the EMA50 at $76,763.02 and the EMA200 at $69,721.13 while RSI at 58.14 remains neutral and MACD shows a death cross at 709.32. With price testing upper Bollinger resistance while RSI stays moderate, a healthy retracement toward the 50-EMA support at $76,763 appears probable before further continuation, offering clear levels for BTC price prediction entries.