Bitcoin and BTC Holder Strategy Indicates Bullish Crosses and Robust Uptrend Signals: A Technical Analysis

This analysis is conducted by a technical expert with a Chartered Market Technician certification.

Consider a scenario where two influential publications back the same political figure. This unity in endorsement reveals a likely comprehensive support network for the individual.

In a similar vein, when both bitcoin and the largest publicly traded holder display synchronized positive indications on their price graphs, it signals a significant agreement between the market and major institutional investors.

Current daily charts for both bitcoin and the major holder exhibit their 50-day moving averages crossing above the 100-day moving averages, indicating a bullish crossing. This occurrence suggests that the shorter-term momentum is surpassing the longer-term trends, potentially marking the kickoff of a new bullish market phase.

The bullish crossover for bitcoin is corroborated by other metrics, such as the MACD, indicating that the prevailing trend is upward.

However, a temporary decline below the $100,000 threshold shouldn’t be dismissed, as data from the blockchain reveals that key market players are approaching with caution.

The hourly chart illustrates that bitcoin’s recent price movement has stalled within the $101,000 to $107,000 corridor. A break below this range could incite further profit-taking, potentially extending the pullback to a support level around $98,000.