Crypto
Bitcoin Breaks Above $78K, Bull Market Continues
Bitcoin has cleared the $78,000 trigger and is now trading at $78,923.37, confirming that the bull market continues according to Michaël van de Poppe.
The price of Bitcoin sits above both the EMA50 at $77,967.15 and EMA200 at $74,427.2, which keeps the structure bullish after twelve months of higher lows.
Additionally, the MACD golden cross at 164.05 reinforces momentum while the RSI at 64.66 leaves room before overbought conditions.
The price is testing upper Bollinger resistance at $78,765.14 and the RSI is still neutral, which suggests a healthy retracement to the 50-EMA support at $77,967.15 appears probable before the next leg toward $81,000.