Futures
Access hundreds of perpetual contracts
TradFi
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Pre-IPOs
Unlock full access to global stock IPOs
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
#比特币反弹 Bitcoin indicator shows bull market signals matching the $78k BTC price
With $75,000 possibly becoming the new floor, Bitcoin hints that the BTC price is about to break out based on two classic technical indicators.
Market Dynamics
Bitcoin (BTC) has rebounded 25% from its multi-year low below $60,000, with momentum indicators rarely flashing a “buy” signal.
Key Points:
Bitcoin’s MACD and RSI indicators predict that the price of Bitcoin will rise significantly in the coming days.
Bitcoin’s price must reclaim $78,000 within the next few days in order to maintain its upward momentum.
Bitcoin’s MACD and RSI confirm that “the bull market has begun”
TradingView data shows BTC/USD trading at $75,300, 4% lower than the 10-week high of $78,380 reached on Friday.
Despite the pullback being triggered by uncertainty around the Israel-US war, the price indicators still show room for continued upside.
In analyzing the moving average convergence divergence (MACD) indicator within this week’s time frame, trader Sykodelic said that a key bullish crossover has appeared, setting the stage for Bitcoin’s rally.
In a recent post on X, analyst Sykodelic said: “We’ve not only seen a weekly MACD bullish crossover and a trend breakout, but we’ve also seen the lowest MACD level ever,” the analyst said in his latest post on X:
“We’re now at a very important level, and the weekly close will be very significant.”
Past cases show that when the MACD line (blue) crosses above the signal line (orange), Bitcoin often rallies sharply.
This ultimately leads to BTC price gains of 340%-380%, as seen in 2018-2019 and 2022-2023.
Analyst Mikybull Crypto said in a recent post on X: “Whenever a weekly MACD bullish crossover occurs, it’s usually accompanied by a big move.”
Meanwhile, the relative strength index (RSI) has rebounded from 21 in mid-February to 43. When the buy signals on the MACD come together, the situation begins to resemble earlier cycles.
In a recent video posted on X, Material Indicators, a trading resource, said that keeping the weekly RSI above 41 is “one of the macro factors that must happen in order to confirm that the bull market has been validated.”
In 2023, 2020, and 2019, Bitcoin prices rose by 660%, 1600%, and 316%, respectively.
Other Bitcoin analysts believe that sustained spot market buy-sell volumes and continued inflows into the Bitcoin ETF are essential elements for the rebound to reach new highs.
Bitcoin must reclaim $78,000 next
As Cointelegraph reports, the bullish case for Bitcoin lies in flipping the $78,000 resistance level into support, with the actual market average currently sitting near the support level.
When analyzing Bitcoin’s price action on lower timeframes, Telegram trading resource Technical Crypto Analyst noted that after reclaiming the $70,000 level, the BTC/USD pair is “currently pushing into a major supply zone between roughly $75K–$78K, which acts as resistance,” adding:
“If it can break through that range, it may continue to push to new highs; rejection could lead to a pullback to the $68K to $70K support range.”
According to Cointelegraph, a close in the $76,000 to $78,000 range would confirm that buyers are in control and pave the way for a potential rebound to $84,000.