Bitcoin Sees Fresh Range Low Targets as Momentum Fades

Bitcoin is currently trading at $77,962.74 and according to Michaël van de Poppe, it's likely to retest the range low of either $76K or $77K before a rebound can occur.

The 4-hour chart shows that Bitcoin is holding above its EMA50 at $77,593.13 and EMA200 at $71,428.31, indicating a bullish trend structure.

However, the MACD death cross at -3.36 signals fading momentum, while the RSI(14) at 45.81 remains neutral within the Bollinger Bands bounded by $79,091.31 resistance and $77,310.71 support.

Traders are now watching for a clean break below the lower band to confirm the next leg in this crypto range trading strategy.