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Latest Update
8/28/2026 4:38:00 PM
Bitcoin: Liquidity Grab Clears Path for Altcoins
Bitcoin at $77748.37 after downside liquidity sweep, with Michaël van de Poppe eyeing altcoin rotation if BTC holds above $79000 or drops to $77100 support.
Analysis
Bitcoin cleared all downside liquidity in the latest sweep, positioning the market for a potential sideways consolidation that hands momentum to altcoins according to Michaël van de Poppe.
The trader noted liquidations have flushed lows and expects no heavy continuation lower, shifting focus to BTC pairs versus altcoins for the next phase.
On the 4h chart Bitcoin trades at $77748.37 inside the Bollinger band with upper resistance at $80527.47 and lower support at $77671.9; the bullish EMA structure shows EMA50 at $76755.07 and EMA200 at $69791.64 acting as concrete support while MACD at 440.11 signals a death cross and RSI at 43.69 remains neutral, suggesting price may test the $77100 zone before any sustained altcoin rotation develops.
Macro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast
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Source: blockchain.news
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