Bitcoin: Trader Flags Evident Cycle Bottom
Bitcoin at $80860.14 holds bullish EMA structure while @CryptoMichNL stresses evident cycle bottom signals for BTC and altcoins.
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Bitcoin bottoms look simple afterward yet feel brutal to buy live, @CryptoMichNL stated, noting clear technical signals and fundamentals for BTC plus altcoins that most skipped despite the evidence.
Bitcoin market cycle bottom identification historical patterns confirm this phase, with BTC price at $80860.14 riding a bullish trend above EMA50 support at $77480.8 and EMA200 at $74748.55; the 4h chart reveals RSI(14) at 78.45 flashing overbought while MACD(12,26) prints a bullish golden cross at 587.73, so price testing upper Bollinger resistance at $79843.33 points to a healthy retracement toward the 50-EMA before further continuation on technical signals for crypto market bottoms.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast