Bitcoin: Rangebound Construction Holds at $78K

Latest Update
8/30/2026 10:53:00 AM

Bitcoin: Rangebound Construction Holds at $78K

Bitcoin holds rangebound near $78221 with Michaël van de Poppe eyeing sub-$76000 buys while altcoin on-chain activity accelerates.

Analysis

Bitcoin continues rangebound construction above $78,000 as Michaël van de Poppe reiterated that sub-$76,000 remains a prime accumulation zone for longs while shifting attention toward altcoins amid surging on-chain metrics.

Over the past six months BTC has respected the $76,000–$80,000 corridor, repeatedly finding bids near prior cycle highs without triggering a decisive breakout. Traders monitoring BTC price prediction models now weigh whether the prolonged consolidation sets the stage for rotation into higher-beta assets.

Price action on the 4h chart shows Bitcoin trading inside the Bollinger Bands at $78,221.41, with the upper band at $80,625 acting as immediate resistance and the lower band at $76,708 providing short-term support. The EMA50 at $77,147 continues to function as dynamic support while the EMA200 at $70,582 anchors the broader bullish structure; however the MACD death cross at -53.21 signals fading momentum even as RSI at 49.56 remains neutral, suggesting a healthy pullback toward the 50-EMA before any continuation attempt.

Bitcoincrypto marketBitcoin priceaccumulation zoneon chain

Macro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast

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