Bitcoin: Van de Poppe Flags Cycle Bottom
Bitcoin at $79180.75 as @CryptoMichNL calls generational bottom with larger upside than prior cycle; 4h chart shows EMA50 support at $76631.31 amid neutral RSI.
SourceAnalysis
Bitcoin trader @CryptoMichNL declared on August 27 that the asset has reached the generational bottom for this cycle, with upside potential exceeding the previous cycle.
At $79180.75, BTC maintains a bullish trend above the EMA50 at $76631.31 and the EMA200 at $69613.82. Price sits inside the Bollinger Bands testing upper resistance at $80446.7 while the MACD registers a death cross at 724.61 and RSI holds neutral at 54.49, pointing to a measured retracement toward the 50-EMA before any extension higher. This structure supports BTC price prediction views that favor outsized gains over prior cycles and reinforces Bitcoin cycle analysis amid ongoing volatility.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast