Bitcoin: Van de Poppe Eyes Year-End Rally Post-Midterms
Michaël van de Poppe declared extreme bullishness on Bitcoin, forecasting a sell-the-rumor buy-the-news reaction to midterm results, a higher low, and a strong run into year-end after markets stabilize under calmer political conditions.
SourceAnalysis
Michaël van de Poppe declared extreme bullishness on Bitcoin, forecasting a sell-the-rumor buy-the-news reaction to midterm results, a higher low, and a strong run into year-end after markets stabilize under calmer political conditions.
Bitcoin trades at $78466.23 on the 4h chart inside the Bollinger Bands with upper resistance at $78860.93. Price sits just below the EMA50 at $78476.39 while the EMA200 at $80812.78 caps the longer-term structure. The MACD has printed a golden cross at -211.8, yet the RSI at 55.52 remains neutral, suggesting momentum is building without immediate overextension. A test of the upper band could trigger a quick pullback toward the EMA50 support before continuation higher.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast