Analysis: Bitcoin May Reassault $100,000, Macro Indicators Show Bullish Signals Again

According to Odaily, a macro model combining the US 10-year Treasury yield and China's 10-year Treasury yield (US10Y×CN10Y) recently exhibited an "extremely precise" bullish crossover signal, potentially guiding 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 gains of approximately 8700%, 1900%, 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 pullback, resembling behavior patterns seen near multiple previous market bottoms. Analysis suggests that if Bitcoin stabilizes and rebounds from near its 200-week moving average, the price could test $100,000 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)