Bitcoin ($BTC ) is flashing "two major bullish signals"âand they look eerily similar to the patterns that sparked its "explosive rally past $100K in late 2024". Hereâs whatâs happening:
1. The MACD Bear Trap
- The *weekly MACD* (a momentum indicator) turned bearish in February, but $BTC *held strong* at the 50-week moving average (SMA).
- This same pattern played out 'last August-September'âright before BTC surged from "$70K to $109K".
2. Death Cross â Golden Cross?
- A "death cross" (50-day SMA crossing below 200-day SMA) appeared four weeks ago, but instead of crashing, BTC *rebounded hard* from $75K.
- Now, the 50-day SMA is rising againâhinting at a bullish "golden cross" soon. "Last time this happened", BTC skyrocketed to new highs.
Whatâs Next?
If history repeats, Bitcoin could "break past $109K" and enter a "new parabolic phase". But remember: "charts arenât crystal balls"âmacro events (like Fed decisions) can always shift the trend.
Bullish or bearish? Drop your predictions below! âŹïž #bitcoin #BTC #crypto #TradeStories