Bitcoin: Trader Eyes $76,200 Amid Ongoing Chop

Latest Update
8/31/2026 12:42:00 PM

Bitcoin: Trader Eyes $76,200 Amid Ongoing Chop

Bitcoin trades at $78054.87 as Michaël van de Poppe targets $76,200 after low sweeps in choppy action with EMA50 support at $77341.51.

Analysis

Bitcoin continues its chop as Michaël van de Poppe eyes a sweep of the lows before any push higher toward $76,200, with price currently at $78054.87. Over the past six months the market has oscillated inside tightening ranges while BTC <a href="https://xpertsstudio.com/bitcoin-price-prediction-september-2026-can-btc-break-82206-to-target-97278-this-september-bitcoin-market/" title="Bitcoin Price Prediction September 2026: Can BTC Break $82,206 to Target $97,278 This September? | Bitcoin Market”>price prediction models priced in further consolidation before the next directional move. On the 4h chart price sits inside the Bollinger Bands with upper resistance at $79706.24 and lower support at $76845.65, the EMA50 at $77341.51 acting as immediate structural support while the EMA200 at $70967.74 anchors the longer-term bullish trend; the MACD death cross at -64.36 signals fading momentum even as RSI at 47.98 remains neutral, suggesting a healthy retracement toward the 50-EMA before any continuation attempt. Bitcoin technical analysis and crypto volatility patterns both point to repeated low sweeps as the dominant short-term behavior.

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

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Source: blockchain.news