Van de Poppe Sees Bitcoin Rallying Towards $73,000
Bitcoin's recent price action has caught the attention of Michaël van de Poppe, who is now predicting a rally towards $73,000. According to Van de Poppe, Bitcoin holds above its 21-Day and 50-Day Moving Averages (MA), which suggests a bullish trend.
The current price of BTC sits at $64,797.77, with the EMA50 acting as immediate support at $64,457.34 and the EMA200 providing a deeper floor at $63,942.84. The MACD golden cross at -0.2 confirms the trend strength.
This setup reinforces current narratives favoring continuation over consolidation, which has been ongoing for the past six months.