Bitcoin: Van de Poppe Eyes Sub-$76,200 Spot Entries
Bitcoin trades at $76856.13 while Michaël van de Poppe flags leverage wicks as spot buying opportunities below $76200 and $74000 on the 4h chart.
SourceAnalysis
Bitcoin remains above key levels according to @CryptoMichNL, who noted massive wicks from leverage as markets wake up and flagged sub-$76200 or sub-$74000 zones for spot accumulation.
Price action shows a bullish trend with BTC holding above the EMA50 at $69319.62 and EMA200 at $65630.92; despite RSI(14) at 78.18 signaling overbought conditions and MACD confirming a golden cross at 3277.98, the asset sits inside Bollinger Bands with upper resistance at $81793.91, suggesting a healthy retracement toward the 50-EMA support before continuation.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast