Analysis: Bitcoin May Re-attempt $100,000 as Macro Indicators Show Bullish Signals Again

Odaily News A macro model combining the US 10-year Treasury yield and the Chinese 10-year Treasury yield (US10Y×CN10Y) has recently produced an "extremely precise" bullish crossover signal, which may provide guidance for Bitcoin's next upward move. Historical data shows that this indicator issued similar signals before the bull markets of 2013, 2017, 2020–2021, and 2023, corresponding to Bitcoin price increases of approximately 8,700%, 1,900%, 600%, and over 350%, respectively. Furthermore, on-chain data indicates that whale addresses (wallets holding 1,000–10,000 BTC) have re-entered an accumulation phase during the recent price correction, a behavior pattern similar to that observed near multiple previous market bottoms. Analysis suggests that if Bitcoin stabilizes and rebounds from near its 200-week moving average, the price could test the $100,000 level around August. However, if it fails to break through the key resistance level of $78,000, there remains a risk of forming a "bull trap." (Cointelegraph)