BTC: Trader Eyes Longs at $70,300-$70,800
BTC at $72,580 shows bullish EMA structure yet RSI 90.05 overbought, with Michaël van de Poppe targeting longs $70,300-$70,800 or below $68,000 on correction.
SourceAnalysis
BTC turns sharply active for day traders as Michaël van de Poppe flags longs between $70,300-$70,800 for quick scalps toward recent highs, or deeper entries below $68,000 if a broader pullback unfolds. At $72,580 price rides a bullish trend with EMA50 at $65,680 and EMA200 at $64,428 acting as concrete support, yet the RSI(14) at 90.05 flashes overbought while MACD holds its golden cross at 2,131.74. With price pressing the upper Bollinger Band resistance at $73,037, a healthy retracement toward the 50-EMA support at $65,680 appears probable before continuation, sharpening BTC price prediction models and Bitcoin trading strategies ahead of any crypto market crash scenario.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast