Michaël van de Poppe: Buys Bitcoin at 200-Day MA Support

Michaël van de Poppe disclosed fresh Bitcoin purchases on November 12, citing terrible sentiment, resilience after multiple downside events and a 20% correction that left price at a liquidity-rich support zone just beneath the 200-day moving average.

Van de Poppe also noted the historical pattern of Bitcoin bottoms occurring the Friday before major IPO events such as SpaceX and pointed to an unfilled gap with the already-rising Nasdaq that typically closes quickly.

Price currently sits at $71500.79 on the 4-hour chart, testing the lower Bollinger Band at $71583.5 while the EMA50 at $74988.11 and EMA200 at $78847.74 act as stacked resistance overhead; RSI at 26.6 signals oversold conditions and the MACD death cross at -897.07 confirms bearish momentum, yet the proximity to the lower band raises the probability of a short-term bounce toward the 50-EMA before any sustained continuation.