BTC Consolidates at $77K Ahead of $90K Target

Bitcoin's price has reached $77,146.5, and according to Michaël van de Poppe, traders can expect brief sideways consolidation before the next leg up towards $90,000 and $92,000.

This pattern of short stagnation periods instead of sharp corrections is a recurring theme in bull markets over the past six months.

Price action is currently inside the Bollinger Bands, with upper resistance at $78,604.76 and lower support at $76,419.0.

The EMA50 at $78,127.33 acts as immediate overhead resistance, while the EMA200 at $74,208.43 provides longer-term floor support.