BITCOIN NEAR THE BULLISH CROSSROADS
The weekly MACD of Bitcoin is close to a bullish crossover. With historical references to similar signals in 2023 and 2024 that triggered significant BTC increases. The market structure suggests a movement towards $120,000 and beyond.
It is important to closely monitor this development. Why? Because when the MACD line crosses above the signal line on a higher time frame, such as the weekly chart, it usually confirms the start of a sustained bullish momentum. We have seen this phenomenon before, especially in 2023 and 2024, where similar setups triggered explosive increases in the cryptocurrency market.