The crypto market shows healthy signs of recovery after the 2024 halving. A bull run is likely between mid and late 2025, but it will also depend on the global macroeconomic environment.
Bitcoin (BTC/USDT)
Moving Average Crossover: The MACD on the daily chart showed a bullish crossover on May 7, 2025, indicating a possible positive momentum in the short term.
Support and Resistance: BTC has recently surpassed the 50, 100, and 200-day moving averages, reinforcing an upward trend. Binance
Relative Strength Index (RSI): Currently at 68, suggesting bullish momentum without entering overbought territory.
Overall Outlook: If BTC maintains its position above current levels and breaks through key resistances, it could head towards $110,000 in the coming days.
Ethereum (ETH/USDT)
Moving Average Crossover: The MACD showed a bullish divergence since May 4, 2025, with the signal line trending upward, indicating a possible trend reversal. Blockchain News+2Blockchain News+2Blockchain News+2
Support and Resistance: ETH is close to its 50-day moving average, and a crossover above the 200-day moving average (known as a "golden cross") would be a strong bullish signal. TradingView
Relative Strength Index (RSI): At 58, indicating there is still room for an upward move before reaching overbought levels.
Overall Outlook: If ETH breaks through key resistances and maintains the current momentum, it could head towards $2,997 in the short term.
