Bitcoin (BTC) and MicroStrategy (MSTR), the largest publicly traded Bitcoin holder, have both flashed key bullish signals, hinting at a possible major uptrend ahead.
It’s like two leading newspapers backing the same presidential candidate—this dual endorsement suggests widespread confidence.
Both Bitcoin and MicroStrategy’s daily charts show their 50-day simple moving averages (SMA) crossing above the 100-day SMA, a well-known bullish crossover. This technical pattern signals that the short-term trend is gaining strength relative to the longer-term one, often seen as an early sign of a strong bull market.
Additional indicators such as the MACD support this positive momentum, reinforcing the likelihood of higher prices.
However, caution remains warranted as some influential investors have become more cautious recently, making a temporary dip below the $100,000 mark possible.
Currently, Bitcoin’s price has been consolidating in the $101,000 to $107,000 range. A breakdown below this zone could lead to increased profit-taking, possibly pushing prices down to the $98,000 support level before resuming the upward trend.
