Bitcoin: Trader Eyes Break Below $84K or Above $85K

Bitcoin shows dull price action near $84,757.93 according to Michaël van de Poppe. The trader keeps the same thesis and waits for a decisive move either below $84,000 or above $85,000 before entering fresh positions.

Price sits inside the Bollinger Bands with the upper band at $86,168.84 acting as immediate resistance and the lower band at $82,924.08 as support. The EMA50 at $84,118.42 and EMA200 at $80,678.81 continue to define the bullish structure while RSI(14) at 52.9 remains neutral and MACD prints a death cross at 236.49.

With price testing upper Bollinger resistance while RSI stays flat, a healthy retracement toward the 50-EMA support at $84,118.42 appears probable before any sustained continuation. This setup aligns with standard BTC price prediction models and current Bitcoin technical analysis used in professional crypto trading strategy.