Bitcoin set for this record target as BTC flashes major bullish signal
Technical indicators suggest that Bitcoin’s (BTC) short-term momentum may be sustaining, with the potential to target a new record high in the coming weeks. Specifically, Bitcoin has formed a Moving Average Convergence Divergence (MACD) golden cross below the zero line, a setup that has historically preceded strong upside moves, according to pseudonymous cryptocurrency analyst BitBull in a September 10 X post. Bitcoin price analysis chart. Source: BitBull The analyst noted that the last time this pattern appeared, in April, Bitcoin rallied nearly 42% within a month and secured a new all-time high. A similar setup is now forming, suggesting that history may be repeating itself. Bitcoin next price target to watch The projection zone points to a potential surge toward $125,000 if momentum strengthens. Two scenarios are outlined: either an immediate breakout to the target or a brief pullback toward $117,000 before continuation higher. Notably, a MAC...