Bitcoin: Van de Poppe Eyes $80K Breakout After Hack

Bitcoin looks primed for a break up to $80,000, according to trader Michaël van de Poppe. He noted that lows marked yesterday were briefly tapped and immediately bounced, signaling runs higher rather than tests lower. First resistance sits at $78,900 and $80,000, with a flip of $80,000 into support likely ending the post-hack pressure.

Price trades at $77437.72 inside the Bollinger Bands on the 4h chart, with the upper band at $82746.64 acting as near-term resistance. The EMA50 at $79861.78 and EMA200 at $81362.91 remain overhead in a bearish structure while MACD shows a death cross at -937.72. RSI at 37.67 leaves room for upside before overbought conditions appear, though a failure below $76500 would target the $75000 bid zone where buyers have clustered historically.