As May begins, Bitcoin (BTC) is making headlines again—this time by approaching the $97,000 mark, its highest level since February 22. In just one day, the world’s largest cryptocurrency rose nearly 3%, sending a clear message: the bulls are back in control. Meanwhile, traditional safe-haven asset gold is down nearly 8% from its recent highs, creating an interesting contrast between the old and new stores of value. With global markets in a state of flux, investors are closely watching Bitcoin’s next move—and what it might mean for the broader financial landscape. Bitcoin’s Climb: A Perfect Storm of Momentum Bitcoin’s sharp move higher came during the opening hours of the U.S. trading session. Stocks were also rallying, with tech giant Microsoft jumping 10% and temporarily becoming the most valuable public company on the planet. This kind of synchronized bullish momentum in both equities and crypto suggests that investors are regaining confidence in risk-on assets. Popular trader a...
Bitcoin (BTC) is flashing bullish technical signals as its long-term moving averages continue to shift upward, hinting at a potential price recovery. The latest weekly moving average analysis reveals that BTC is trading above key support levels , reinforcing a positive market sentiment. Currently, the 50-week Simple Moving Average (SMA) sits at $74,890 , while the 20-week SMA hovers around $91,070 . Historically, Bitcoin has shown strong bullish momentum when its price remains above these critical indicators. In previous bull markets, the 20-week SMA has acted as a solid support level , fueling further price appreciation. Additionally, the 200-week SMA , positioned at $44,580 , remains a significant long-term support zone. Bitcoin’s Key Bullish Cross & Historical Patterns Bitcoin has frequently rebounded from the 200-week SMA during bearish cycles, confirming its fundamental strength . The expanding gap between Bitcoin’s price and the 200-week SMA further solidifies its long...