Bitcoin bull extends forward? The indicator of two mirror patterns that preceded the BTC Rally to 109 thousand dollars

This is a daily technical analysis by Coindsk analyst and omkar Godobile legal technician.

Bears Crypto may want to see the patterns of modern Bitcoin (BTC) patterns, which reflect those that preceded the rally in late 2024 from $ 70,000 to $ 109,000.

The first style includes the graph of the medium -average convergence contrast in the weekly scheme (MACD), a momentum index used to determine direction changes and repercussions. MACD is crossed up or below the zero line usually indicates bullish or homosexual transformations in the momentum.

However, merchants explain these signals in the context with the price procedure. The landing cross, for example, needs to verify healthy prices; Otherwise, it can indicate the underlying strength and the trap of the bear. Currently, this seems to be the case in BTC.

The cryptocurrency decreased at the beginning after MACD was negative in mid -February, but quickly found support on a simple moving average for 50 weeks (SMA) in March, and has since wore $ 90,000. All the time, Macd held less than zero.

this Remind us style Last August and September, when the prices kept supported by SMA amid the continuous MACD signals. The upper index turned around in mid -October, confirming the trend with a crowd of $ 70,000 to $ 100,000 by December.

The second style involves Smas 50 and 200 days. About four weeks ago, these averages formed a declining intersection-known as the death of death-in clarifying a long-term decline in the long term. However, this has turned out to be a bear trap, as Bitcoin finds support about $ 75,000 and a reverse path.

Recently, SMA has started for 50 days to rise again and can soon cross over SMA for 200 days, putting a bullish golden cross in the coming weeks.

This style closely reflects the direction of last year: the death cross in August, he heard a bottom, and soon a golden cross raised an outbreak above 70 thousand dollars and eventually led to a rare of more than 109 thousand dollars to higher levels.

In other words, upward fluctuations can be on the horizon, which may take Bitcoin after the highest level in January 109,000 dollars.

Planning patterns are commonly used to assess the strength of the market and predict future movements. However, it is important to remember that history does not always restore itself, and that the macroeconomic factors can swing quickly the market directions, which makes the analysis of the plans away from the content.