Bitcoin Price Faces Potential Sweep to $76.5K

Bitcoin's price has been hovering at $79,420 within Bollinger Bands, with an upper resistance of $80,207 and lower support at $75,552. According to trader Michaël van de Poppe, Bitcoin faces a potential sweep to $76,500 before rebounding.

This move would complete the altcoin correction and restore momentum across the sector, according to van de Poppe's analysis.

However, current indicators point to a probable retracement toward the 50-EMA at $73,863 before any fresh advance. The MACD death cross at 1,787 signals fading momentum, while the RSI of 67.04 remains neutral.