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Crypto

Van de Poppe Sees Bitcoin Reaching $82,700 in Upcoming Breakout

Guavy AI Editorial Team
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BTC
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Bitcoin's price has been on an upward trend, and analyst Michaël van de Poppe is predicting it will break through to $82,700. The current price of Bitcoin is $78,989.91, which shows a bullish EMA structure and MACD golden cross.

The neutral RSI(14) at 56.45 and strong MACD golden cross at 35.87 are keeping the bullish EMA50 support at $77,425.54 and EMA200 at $71,055.50 intact. This favors continuation over deep retraces in the prevailing trend.

Van de Poppe's target of $82,700 is based on Bitcoin's current price chart, which shows that it is pressing against the upper Bollinger band resistance at $79,544.81.

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