Bitcoin: Van de Poppe Holds Bullish Above Block
Michaël van de Poppe states Bitcoin stays fine above the block with a sweep to $74,800 acceptable as long as price trades higher and he remains bullish.
SourceAnalysis
Michaël van de Poppe keeps his Bitcoin stance bullish while price holds above the block and even a sweep to $74,800 would not break the structure. Bitcoin currently trades at $82,286.56 inside its Bollinger bands with upper resistance at $84,548.11 and lower support at $80,749.62. The EMA50 at $83,002.44 caps upside while the EMA200 at $82,246.83 provides the immediate floor, and the MACD death cross at -454.8 confirms bearish momentum even as RSI at 47.53 sits neutral. Price action therefore tests short-term volatility exhaustion against the upper band before any deeper move toward the 200-EMA confluence.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast