Bitcoin remained range-bound over the weekend, holding steady at $75,921.76 as of Sunday, November 8. Analyst Michaël van de Poppe had predicted this flat movement, noting that the price had already tested key lows, setting the stage for a potential upward push. However, he emphasized that a decisive break above $76,000 is needed to spark significant momentum.
On the 4-hour chart, Bitcoin is trading within the Bollinger Bands, with immediate resistance at the upper band of $79,125.53 and short-term support at the lower band of $73,632.91. The current structure remains bearish below the EMA50 at $77,361.58 and the EMA200 at $80,230.56. Despite this, the MACD golden cross at -548.19 and a neutral RSI of 40.37 suggest that a clean break above $76,000 could accelerate the price toward the upper band before a potential retracement to the 50-EMA.