Crypto
Van de Poppe Sees $84K as Bitcoin Entry Point for Longs
Bitcoin (BTC) is back in focus as trader Michaël van de Poppe flags a potential sweep of the $84,000 level as an entry point for longs. Currently, the price sits at $86,214.34 within the Bollinger Bands, with upper resistance at $88,354.16 and lower support at $78,203.83.
The broader structure remains bullish due to the EMA50 at $81,195.28 and EMA200 at $76,436.63. However, the RSI(14) at 74.47 is flashing overbought, indicating a probable retracement toward the 50-EMA support before any continuation higher.
Van de Poppe's prediction has sparked interest in the market, which is still digesting recent swings. The MACD(12,26) is still printing a golden cross at 1,909.44, adding to the bullish narrative.