Bitcoin Eyes Bullish MACD Cross Near $100K Mark
Bitcoin nears $100K with a bullish MACD cross forming on the weekly chart, signaling strong upward momentum.
- Bitcoin is nearing a bullish MACD cross on the weekly chart
- Price action is building toward the $100K milestone
- Technical setup points to possible sustained breakout
Weekly MACD Signals Growing Momentum for Bitcoin
Bitcoin is setting up for a major technical breakout as it approaches the psychological $100,000 mark. One of the most widely watched indicators—the MACD (Moving Average Convergence Divergence)—is on the verge of a bullish cross on the weekly timeframe, a rare signal that often precedes strong upward price action.
The MACD measures the relationship between two moving averages and is used to identify shifts in momentum. A bullish cross occurs when the MACD line crosses above the signal line, indicating potential for continued price strength. Historically, this setup has aligned with some of Bitcoin’s biggest rallies.
With Bitcoin currently trading just below the $100K milestone, the timing of this cross could not be more compelling.
Bullish Sentiment Builds as Price Targets $100K
Market sentiment has turned decidedly positive in recent weeks. Institutional interest remains strong, Bitcoin spot ETFs continue to see steady inflows, and macroeconomic uncertainty is pushing more investors toward hard assets like BTC.
A confirmed MACD cross on the weekly chart would further solidify the bullish case, giving traders and long-term holders greater confidence. If momentum continues to build, Bitcoin could not only test but potentially break through the $100K resistance, entering price discovery mode once again.
A “Perfect Storm” for the Next Leg Up?
The current setup has many calling this a “beautiful chart,” and for good reason. With supportive technical indicators, strong demand, and a favorable macro backdrop, Bitcoin appears poised for its next major move.
However, as always in crypto, nothing is guaranteed. Traders should watch for confirmation of the MACD cross and be mindful of any sudden shifts in market sentiment.
Read Also:
- Best Cryptos For Beginners: Troller Cat’s Presale Set to Enter Stage 4 While Pepe and Doginme Flash Green
- Bitcoin Hits Realized Cap ATH for 3rd Week in a Row
- BlockDAG’s $0.0019 Coin Could Be the Next $1 Crypto: Why It’s Dominating the Top Crypto Coins List
- 98% of Solana Pump Tokens Are Rug Pulls: Report
- SHIBA’s Hype Fades, ADA Devs Work; Meanwhile, Web3 ai Becomes Highest Trending Crypto With $500K Frenzy
