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9/8/2026 8:34:00 PM
Bitcoin: Analyst Flags End to Bull Market Correction
Bitcoin at $78543.6 faces EMA50 resistance while Michaël van de Poppe calls correction over with $72000-74000 buy zone ahead of BTC price prediction updates.
Analysis
Bitcoin faces only brief pullbacks in the early stages of a bull market, according to @CryptoMichNL, who argues the current dip has likely ended and any further slide to the $72000-74000 zone would offer prime accumulation.
Price sits at $78543.6 below the EMA50 at $78959.7 yet above the EMA200 at $73885.65, with MACD at -235.33 confirming a death cross while RSI at 42.71 stays neutral; the market trades inside Bollinger Bands bounded by $80519.88 resistance and $78144.55 support, pointing to a measured retracement toward the lower band before fresh upside resumes in the ongoing cycle.
BitcoinBull MarketBTC priceBitcoin analysis
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Source: blockchain.news
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