Bitcoin Hits Key Level, Responds with Upward Bounce as Analyst Projects Record High

Bitcoin has hit a significant level and responded with an upward bounce. Michaël van de Poppe is projecting a mild pullback into Monday before a push towards $80,000+ or potentially $82,800.

The current price of $77,178.82 falls within the Bollinger Bands, but has reached its upper resistance at $80,119.19. The Relative Strength Index (RSI) is at 70.15, signaling overbought conditions, while the MACD shows a death cross at 2299.06.

This confluence of factors points to a probable retracement towards the EMA50 support at $71,199.29 before any sustained advance. Traders are being offered spot accumulation zones below $76,200 as leverage wicks create entry opportunities.