Analysis: BTC and Strategy stocks simultaneously show bullish signals.

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According to ChainCatcher news and a report by CoinDesk, Bitcoin (BTC) and the world's largest publicly traded Bitcoin holder Strategy (formerly MicroStrategy) have both shown technical bullish signals in their price charts, with both daily charts displaying the 50-day moving average crossing above the 100-day moving average, forming what is known as a golden cross. CoinDesk's licensed market technician Omkar Godbole pointed out that this synchronized signal indicates that the short-term trend is surpassing the long-term trend, which may herald the beginning of a major bull market. The bullish signal for BTC aligns with MACD and other technical indicators, suggesting that the price trend is least resistant in the upward direction. However, analysts caution investors that on-chain data shows influential market participants have adopted a cautious stance, with Bitcoin's price facing resistance in the range of $101,000 - $107,000, and it may dip below $100,000 in the short term, retracing to a support level of $98,000.

BTC2.63%
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