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Analysis: Multiple BTC key technical indicators reappear in 2024, which may indicate a new round of upward trend
2025-05-07 11:45

Odaily News CoinDesk analyst Omkar Godbole noted that Bitcoin's recent technical charts show a similar pattern to the period from August to October 2024, when BTC rose from about $70,000 to $109,000. Key indicators include the MACD histogram and the "death cross" signal, which have recently shown similar trends to those in 2024, forcing short sellers to close their positions before the market rebounded. In addition, analysts expect a "golden cross" pattern to appear in the coming weeks, in which the short-term moving average breaks through the long-term moving average, which is generally seen as a strong upward signal. The current price of Bitcoin is around $97,000, and the market is paying attention to whether it can break through the psychological barrier of $100,000 and further challenge the historical high. (CoinDesk)