CryptoMichNL: Zoom Out for Bitcoin 5-8x Cycle
Michaël van de Poppe advises traders to ignore short-term corrections and accumulate Bitcoin for a potential 5-8x move in the current cycle rather than micromanaging positions.
SourceAnalysis
Michaël van de Poppe posted that Bitcoin still carries a 5-8x upside in this cycle and urged holders to stop micromanaging every 10% dip with less than 50% odds of materializing.
Price sits at $81561.76 on the 4h chart inside a bearish structure defined by the EMA50 at $82568.32 and EMA200 at $82149.58. Momentum shows RSI at 43.31 while MACD prints a death cross at -328.65, keeping the bias lower. With price testing the upper Bollinger band at $83036.67 and RSI remaining neutral, a healthy retracement toward the EMA50 support at $82568.32 appears probable before any continuation attempt.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast