What to know:
Both the MACD and the death cross recently trapped the bears in a pattern observed before the breakout above $70K.
A potential golden cross in the coming weeks could signal a bullish trend, similar to the pattern observed last year
This is a daily technical analysis by CoinDesk analyst and Chartered Market Technician Omkar Godbole.
Crypto bears might want to closely watch bitcoin’s (BTC) recent chart patterns, which mirror those that preceded the late 2024 rally from $70,000 to $109,000.
