Bitcoin Correction Creates $82K Accumulation Zone
Bitcoin is currently experiencing a shallow correction as it trades at $83,646.18, according to analyst Michaël van de Poppe. This downturn has seen altcoins like PUMP, AAVE, and ETHFI outperforming the flagship cryptocurrency.
The higher-timeframe structure remains bullish, with any dip toward $82,000 being considered prime accumulation territory. The price is testing the upper Bollinger resistance at $85,174.68, while the RSI(14) sits neutral at 48.37 and the MACD prints a bearish death cross at -148.61.
As a result, the setup points to a measured retracement toward the EMA50 support at $83,501.0 and lower band at $82,609.59 before the next leg higher. This reinforces the prediction that favors dips over a full crypto market crash scenario.