Bitcoin: Van de Poppe Eyes Lower Leg Before Longs

Bitcoin faces a measured pullback according to trader Michaël van de Poppe, who expects Saturday lethargy to trigger a sweep of recent lows before he adds longs below $76000 or even $74000.

Price action at $76978.64 sits inside the Bollinger bands with the upper resistance at $81683.55 still distant, while the overbought RSI(14) at 79.14 and the MACD golden cross at 3165.11 keep the broader bullish structure intact above the EMA50 support at $69630.29 and EMA200 at $65749.14; institutional desks therefore anticipate a healthy retracement to the 50-EMA before any fresh continuation higher.