Bitcoin: Van de Poppe Eyes Sub-$74,200 Entries
Bitcoin at $77,330 draws Michaël van de Poppe to $71,100 and $74,200 levels as volatility rises, with 4h RSI at 94.38 signaling overbought conditions.
SourceAnalysis
Bitcoin trades at $77,330.14 while Michaël van de Poppe targets entries below $74,200 for a scalp toward highs and views $71,100 as the ideal spot amid elevated volatility that often produces sharp corrections.
Price action sits inside Bollinger Bands with upper resistance at $78,739.29. With price testing upper Bollinger resistance while RSI flashes overbought at 94.38, a healthy retracement to the 50-EMA support at $67,493.76 seems probable before further continuation, even as the MACD golden cross at 3,184.86 keeps the broader bullish structure intact above the 200-EMA at $65,000.47.
Van de Poppe notes higher-timeframe resistance at $83,000 and the 50-week MA near $81,500 will likely prevent an immediate run through $80,000, setting up monumental trading conditions ahead for BTC price prediction and Bitcoin volatility strategies.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast