BlockBeats news, on May 15, according to CoinDesk reports, analyst Omkar Godbole released an analysis report indicating that Bitcoin and the price chart of Strategy, the largest Bitcoin company globally, are showing technical bullish signals in sync. The daily charts show that the 50-day moving average has crossed above the 100-day moving average, forming a 'golden cross.' Analyst Omkar Godbole pointed out that this synchronous signal indicates that the short-term trend is surpassing the long-term trend, which may herald the beginning of a major bullish wave.
However, on-chain data shows that large whale market participants are becoming cautious. The current price is facing resistance in the range of $101,000 to $107,000, with a key support level at $98,000.
