Bitcoin Trades in Neutral Zone Ahead of Potential Breakout

A neutral zone for Bitcoin has been identified by crypto analyst Michaël van de Poppe at $79,714. According to him, this price range sits between $77,600 support and $80,800 resistance.

Van de Poppe advises against day trading until the price reaches either of these levels. The current price is testing upper Bollinger resistance near $82,556, while the RSI holds neutral at 53.81.

A healthy retracement to the 50-EMA support at $78,645 seems probable before further continuation, especially as MACD shows a death cross at 411.94 despite the broader bullish EMA structure above the 200-day at $73,081.