In a tweet released on Friday morning, Rover highlighted a classic bullish chart pattern that formed in the 1-hour timeframe—a symmetrical triangle consolidation following a sharp rise.
This pattern typically signals a continuation of the current trend, which in this case is an upward trend. 'New Bitcoin breakout is loading...' Rover wrote, suggesting that the price is about to soar.
To support the short-term optimism, Rover also shared a second article focusing on a key development on the weekly chart: the MACD bullish crossover, which is widely recognized as a long-term trend reversal signal. Historically, MACD crossovers in 2023 and 2024 have signaled an impending bull market for BTC.
As of the time this tweet was published, the Bitcoin trading price was slightly above $103,000. With short-term and long-term technical indicators aligning, market participants are closely watching whether this trend marks the beginning of the next Bitcoin rally.
#BTC☀️
