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Latest Update
9/7/2026 3:00:00 PM
<a href="https://xpertsstudio.com/bitcoin-etfs-attract-nearly-1-billion-in-a-week/” title=”Bitcoin ETFs attract nearly $1 billion in a week”>Bitcoin: $78K Retest Ahead in Rangebound Phase
Bitcoin eyes $78K retest as Michaël van de Poppe flags rangebound conditions. Current price at $78,920 with bearish 4h signals.
Analysis
Bitcoin faces an imminent $78,000 retest according to trader Michaël van de Poppe, who notes the market remains rangebound with limited momentum.
Price action at $78,920.76 sits just below the lower Bollinger band support at $78,975.35 while the EMA50 resistance at $79,036.97 caps upside in a bearish structure confirmed by the MACD death cross at 11.15. Neutral RSI at 43.44 leaves room for further downside toward $78,000 before any bounce, aligning with van de Poppe’s view that holding this level opens altcoin opportunities while a break triggers a $74,000 probe.
Traders monitoring BTC price prediction models and crypto market analysis should watch these Bitcoin support levels closely for the next directional move.
BitcoinBitcoin priceBTC rangeboundBTC retest
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Source: blockchain.news