Bitcoin (BTC) recently demonstrated a combination of signals that traders generally monitor during the main high trends. This week, the main cryptocurrency showed a rare “Bull Run combo” on the graph – a golden cross on the daily delay, as well as a robust rebound of a level of support around $ 95,488.
The golden cross occurred when the 23 -day mobile average exceeded the 200 -day mobile average. This model is a classic reference in technical analysis, which means a change in longer -term dynamics promoting an upward trend. Although this crossover does not guarantee the benefits, it invariably attracts the attention of traders who are focused on the momentum and keeping an eye on the overall trend.
At the same time, the BTC price tested the $ 95,488 threshold again, a level that has now proven to be solid support. The price briefly plunged into this area after last week’s rally, but managed to stand firm. This suggests that buyers are gathering to secure this range.
As of May 4, Bitcoin was negotiated about $ 95,500. Although there was a certain hesitation around the $ 96,000 mark during the recent negotiation sessions, the overall trend remains optimistic. BTC is negotiated well above the escape area around $ 94,200, indicating a sustained positive dynamic.
In addition, support levels remain in place at $ 91,000, $ 90,288 and $ 89,738. In the event of a new drop in prices, these could be the next crucial development points. These areas could provide a certain respite during consolidation without compromising the broader perspective.
When these factors are taken into account collectively, the mixture of long -term strength and short -term provides Bitcoin with a robust technical basis. The current configuration is definitely more optimistic than it is down. Although it can precipitate a new break or a more horizontal movement in the short term, it is certainly not a development that can be neglected.
This mixture of technical signals testifies to Bitcoin resilience and the continuous call for merchants. Whether you are a long -term investor or a short -term merchant, these signs offer valuable information on future potential Bitcoin movements. As always, however, it is crucial to keep in mind that cryptocurrency investments have inherent risks and must be approached with prudence and reasonable diligence.
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