Bitcoin: Trader Targets $75,500 Sweep on Range Low

Bitcoin draws fresh accumulation interest near range lows as Michaël van de Poppe begins building a position ahead of an expected sweep to $75,500 followed by upward reversal. Price currently sits at $77063.13 inside a bearish trend where EMA50 at $78685.74 caps upside while EMA200 at $74102.47 offers longer-term support. With RSI(14) at 31.07 remaining neutral and MACD printing a death cross at -459.25, momentum favors sellers yet volatility bands show price testing lower support near $77258.53. Over the past six months BTC price prediction models have repeatedly highlighted these exact confluence zones as reversal triggers before continuation. A dedicated technical confluence read shows price probing the lower Bollinger band while the 50-EMA overhead at $78685.74 and 200-EMA floor create a tight compression that often precedes sharp bounces once the $75,500 liquidity sweep clears weak hands.