Bitcoin is flashing a signal that preceded 34% average gains: is $100K next?
Market / Price
Bitcoin is approaching a bullish moving-average crossover on its three-day chart, drawing attention to a pattern that preceded substantial gains in three historical examples. The setup comes as analysts assess whether easing macroeconomic pressures and improving onchain indicators could help Bitcoin establish an October bottom. Bitcoin briefly dropped below $82,000 on Monday but has now slightly recovered and is trading at $84,011. Confirmation of the crossover would strengthen the technical recovery case, although it would not establish a reliable price target or timetable. Macroeconomic pressure shows signs of easing Bitcoin's October correction may be approaching exhaustion after elevated Treasury yields, expensive oil, weaker ETF demand and profit-taking pressured the market.
BTC
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