Attention, crypto market watchers — the stage may be quietly setting for bitcoin (BTC) to embark on another massive rally. If you’re not watching the charts closely right now, you could be missing the buildup to something big.
Two technical patterns are flashing signals that strongly resemble the setups we saw before bitcoin’s late-2024 surge from $70,000 to $109,000 — and the implications could be enormous.
Let’s break this down.
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1. MACD Pattern on the Weekly Chart: Hidden Strength Beneath Bearish Signals
The weekly Moving Average Convergence Divergence (MACD) histogram, a widely respected momentum gauge, is once again at the center of attention. Typically, a MACD crossover below the zero line suggests bearish momentum, while a crossover above signals bullish momentum.
But here’s the critical nuance: context matters.
In February, bitcoin’s MACD flipped negative, triggering initial price weakness. Yet, instead of spiraling lower, BTC found solid support at the 50-week simple moving average (SMA) in March and has since rebounded strongly, surging back above $90,000.
Despite the MACD staying negative, price action is holding firm — echoing the pattern we saw last August and September. Back then, bitcoin repeatedly defended SMA support despite persistent bearish MACD signals. When the MACD finally flipped bullish in October, it unleashed a surge from $70,000 to $100,000 in just two months.
If history rhymes, we could be right on the edge of another major momentum shift.
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2. Death Cross Turning Into Golden Cross: A Classic Bear Trap?
About four weeks ago, the 50-day and 200-day SMAs triggered a death cross, traditionally a bearish sign indicating potential for prolonged downside. But in a textbook bear trap, bitcoin reversed course, finding support around $75,000 before bouncing sharply.
Now, the 50-day SMA has turned higher and is approaching a bullish golden cross setup, where the short-term average overtakes the long-term average. This signal has historically preceded powerful rallies — and we saw exactly this last year.
In August 2024, the death cross marked a bottom, and shortly after, the golden cross propelled bitcoin past $70,000 and ultimately beyond $109,000 to new all-time highs.
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What Comes Next? Bullish Volatility Could Be Imminent
If these patterns hold, we may soon witness a new wave of bullish volatility capable of pushing BTC well beyond its January highs of $109,000.
But here’s the analytical caution: while chart patterns are invaluable tools for assessing market structure and momentum, they are not crystal balls. Macro factors — from global liquidity conditions to regulatory headlines — can rapidly alter market trajectories.
Still, the confluence of these technical setups is hard to ignore.
Final Take
For traders and investors watching the bitcoin market, these signals should be on your radar. The charts suggest BTC is coiling up for its next major move — and if the past is any guide, that move could shatter previous highs.
Stay sharp. Stay strategic. The next chapter of this bull market might just be unfolding right now.$BTC