Bitcoin: Van de Poppe Flags Weak $80K Bounce

Bitcoin completed the anticipated sweep and snapped back higher, according to Michaël van de Poppe, yet the trader views the response as unconvincing and therefore troublesome for broader markets.

Price currently sits at $80,280.85 inside the Bollinger Bands with upper resistance at $82,236.57 and lower support at $79,930.33. The 50- and 200-period EMAs lie above at $81,705.29 and $81,931.67, acting as concrete resistance while the MACD death cross at -477.86 keeps the four-hour structure bearish; RSI at 37.73 offers no overbought relief. With price testing upper-band resistance while the moving-average stack and momentum both point lower, a healthy retracement toward the 50-EMA confluence near $81,700 appears probable before any sustained continuation.