Bitcoin: Trader Eyes $84,000 Sweep for Longs
Bitcoin at $86214.34 as Michaël van de Poppe targets $84000 sweep for longs amid 4h chart showing RSI 74.47 overbought and MACD golden cross.
SourceAnalysis
Bitcoin draws fresh focus after Michaël van de Poppe flagged a potential sweep of the $84000 level as the entry for longs. Price sits at $86214.34 inside the Bollinger Bands with upper resistance at $88354.16 and lower support at $78203.83 while the EMA50 at $81195.28 and EMA200 at $76436.63 keep the broader structure bullish. With RSI(14) at 74.47 flashing overbought and MACD(12,26) still printing a golden cross at 1909.44, a retracement toward the 50-EMA support appears probable before any continuation higher, shaping the latest BTC price prediction narrative in a market still digesting recent swings.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast