Bitcoin Consolidates at $83,881 as Van de Poppe Flags Liquidity Opportunity

Bitcoin's price has been consolidating at $83,881.93, but some market analysts see an opportunity for traders to grab liquidity ahead of a potential push higher.

Michaël van de Poppe notes that sweeping lows can be attractive for those looking to do so, and he suggests that the price may retest its 50-EMA support at $83,549.91 before further continuation.

Currently, the RSI is holding neutral at 51.45, while the MACD golden cross at -64.75 reinforces the bullish EMA200 floor near $79,816.57.