Will Bitcoin’s bullish cross send BTC to $150k?
Summary ⚈ Bitcoin formed rare weekly bullish MACD and Ichimoku crosses, signaling a possible breakout. ⚈ Past signals like these led to 100% to 195% gains in previous rallies. ⚈ A 100.73% surge could push Bitcoin to $150,000 if momentum continues. On April 14, Bitcoin (BTC) printed a bullish 1-week moving average convergence/divergence (MACD) cross, in tandem with an Ichimoku bullish cross, which could signal the start of a rally to $150,000, per a May 5 TradingView post from renowned chart expert TradingShot . The former marks the first such instance that has happened in 7 months, since mid-October of 2024 — the latter is a comprehensive technical indicator that takes into account trend direction, momentum, and support and resistance. BTC price chart with technical analysis. Source: TradingShot on TradingView Since September of 2022, each time these two signals appeared at the same time, a bullish leg of a long-term channel up chart pattern began. In additio...