Bitcoin: Upward Breakout Attempts Persist

Michaël van de Poppe observes markets repeatedly testing upward breakouts in Bitcoin that have yet to confirm, though the setup points to substantial power arriving soon.

Price sits at $83099.14 inside the Bollinger bands with upper resistance at $84324.56 and lower support at $82362.24. The structure remains bearish as price holds below the EMA50 at $83453.58 yet above the EMA200 at $82331.12, while RSI at 47.99 stays neutral and the MACD golden cross at 21.69 signals building trend strength that favors eventual continuation once resistance yields.