Bitcoin: Van de Poppe Eyes $82,700 Test
Bitcoin at $79458 holds EMA50 support with bullish MACD golden cross as Michaël van de Poppe targets $82700 highs on 4h chart.
SourceAnalysis
Bitcoin holds key support and looks primed for another leg higher according to Michaël van de Poppe.
The analyst noted the asset remains range-bound yet defended an important floor, opening the path to retest the $82700 zone.
Price action at $79458.53 sits above the EMA50 at $78976.12 and well clear of the EMA200 at $73978.01 while the MACD registers a golden cross at -137.75; with RSI at 53.72 still neutral and price inside the Bollinger Bands, the next volatility expansion targets the upper band at $80358.23 before any deeper pullback to the 50-EMA confluence.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast