## Bitcoin Breaks Key Threshold: Bright Technical Signals from David Cox and Moving Averages Indicators

Accordingly, market analyst David Cox has updated his outlook on Bitcoin, identifying that recent chart developments are supporting a potential bullish trend. Currently, BTC is testing the $93,500 to $94,000 price zone — a critical technical boundary that Cox emphasized in recent comments.

## Moving Averages Indicators Signal Positivity

The most notable sign comes from the stacking of moving averages on the daily timeframe. Currently, the 8-day EMA is trading above the 20-day EMA, and both are above the 50-day SMA. This is a classic setup for technical traders, often indicating a resurgence of bullish momentum.

An important detail is that the price has regained a position above the 50-day SMA after a prolonged period below this level. This move is not coincidental — throughout Q4, this level acted as a wall, preventing recoveries. Breaking through this suggests a medium-term shift from weak to strong.

Cox comments: "The moving averages are turning upward, on the daily chart you can see 8EMA > 20EMA > 50SMA, and the price has returned above the 50-day line." He also recalls that on longer timeframes, the higher/lower structure remains intact, indicating that the long-term momentum has not been broken.

## Next Target: $106,645 on the 200-Day SMA

If Bitcoin continues to break above the $94,000 zone, the next technical target will be the 200-day SMA at $106,645. This is an important psychological and technical boundary that many traders are watching.

According to recent data, Bitcoin’s current price is around $97K, showing good support for short-term bullish expectations. This proximity to the $94,000 mark identified by Cox is significant for investors.

## Broader Context Remains Unchanged

Cox advises traders not to focus too much on short-term movements at the expense of long-term structure. The medium- and long-term charts still maintain a higher/lower structure, a signal that the trend has not been fully reversed.

A clear breakout above the $94,000 zone will open the door to reaching higher levels in the coming weeks, potentially touching the psychological figures that the analysis community has previously mentioned.