Rare Signal Appears: Bitcoin Is About to Rise 40%?
He explained that a weekly close above $114,000 would turn it into support and could fuel an upside move towards the $114,000–$120,000 range.Bitcoin Repeating History or Preparing for a New Breakout?
The cryptocurrency market is paying attention to a rare technical signal: Bitcoin just appeared a “golden cross” on the daily MACD indicator, at the same time the short-term MVRV bottomed around $ 107,000 .
Anonymous analyst Mr. Wall Street said this signal has only occurred three times in the current cycle – at $76,000 , $49,000 , and $16,000–18,000 after the FTX crash – and each time marked a significant local bottom .
This time it is considered stronger because it appeared when MACD was in the negative zone, usually signaling a 30–40% increase , opening up the possibility of Bitcoin moving towards $140,000–$150,000 .
Two scenarios for the upcoming journey
According to analysts, there are two main scenarios: (1) Bitcoin has bottomed at $107,000 and is reversing upwards; or (2) the price is rejected around $120,000, retreating to last month's low as the RSI creates a bullish divergence and then bounces strongly.
“Those waiting for a correction could inadvertently trigger a short squeeze, pushing prices further,” Mr. Wall Street warned.
He also dismissed the bearish argument that liquidity favors the downside, noting that a $50,000 rally would “liquidate” more shorts than a similar downside scenario.
Bull run belief is not over yet
Many experts agree that the uptrend is far from over. “The uptrend is not over, the fourth quarter is just beginning,” asserted Sean Dawson, head of research at Derive.xyz.
He admitted that September is usually difficult with an average return of -2.9% , due to profit-taking pressure at the end of the US fiscal year.
However, history shows that even in the context of a gloomy global economy, Bitcoin has repeatedly made spectacular breakthroughs , for example doubling from 16,000 to 32,000 USD in just the first quarter of 2023.
If the scenario repeats, the current bearish sentiment could quickly reverse into peak euphoria – a signal that a cycle top is approaching.