After a few strong days on the cryptomarkt, Bitcoin (BTC) now seems to be going through a slight correction. However, the question is whether this is just a healthy breathing break, or the start of a deeper decrease. According to a striking technical analysis, it could all be better than expected – in fact, the signals indicate a possible continuation of the upward trend.
Rare signals indicate new upward trend
According to analyst Tradingshot, there seems to be little reason to panic. In a recent analysis on TradingView, he points to two powerful signals that appeared on the weekly Bitcoin graph on 14 April: a Bullish MacD-Cross and a Bullish Ichimoku-Cross. According to him, this combination is extremely rare and significant – and could indicate that the current correction is only temporary, with room for a strong recovery.
The MACD (Moving Average Convergence Divergence) shows a transition from negative to positive momentum, which is usually seen as a sign of a possible trends. The Ichimoku Cloud, a popular indicator for trend direction and important price levels, also shows that Bitcoin may be at the start of a new upward movement.
It is remarkable that this combination of signals in the past often preceded substantial price increases. Since September 2022 there have been several times when both signals pop up at the same time, followed by an increase of at least 100%. The smallest increase took place in February 2023 (+100.73%), while the largest at the end of 2024 was almost 200%.
Bitcoin course can rise to $ 150,000 when repeating pattern
Based on historical patterns, Tradingshot considers the chance that Bitcoin is going through a solid rally again. Even if the rate only repeats the least impressive example from the past – a doubling – Bitcoin could rise to a peak value of around $ 150,000 from the low point on 9 April. That means an increase of almost 60% compared to the current rate of approximately $ 94,500.
Before that new all-time High (ATH) comes into view, an important obstacle must first be overcome: the $ 100,000 limit. This level not only applies as a psychological milestone, but also technically a strong resistance. According to Tradingshot, a convincing breakthrough above this point could lead to a wave of short liquidations, which in turn could push the race even further.
Source: https://newsbit.nl/zeldzaam-signaal-voorspelt-grote-stijging-voor-bitcoin-koers-komt-150-000-in-zicht/
