Crypto
Bitcoin Breakout Above $84K Could End Correction, Says Van de Poppe
Bitcoin (BTC) is showing signs of optimism as price sits at $84,223.18, according to trader Michaël van de Poppe.
The BTC price is currently holding above both the EMA50 ($83,504.84) and the EMA200 ($79,167.61), preserving a broader bullish trend structure on the 4h chart.
Van de Poppe has stated that a decisive move above $84,000 would mark the end of the correction.
However, with price testing upper Bollinger resistance at $85,182.93 and RSI(14) remaining neutral at 53.53, a healthy retracement to the 50-EMA support at $83,504.84 seems probable before further continuation.