Will Bitcoins MACD Crossover Provide Clues for Investors as BTC Cycle Approaches 100000

Coin World News Report:
Analysts predict that Bitcoin will rise by 40% before reaching the top of the cycle.
Fibonacci extension levels indicate targets of $109,000 and $132,000.
Bitcoin [BTC]
Seeing a surge
Accumulation addresses
HODL mentality is becoming increasingly popular.
Bitcoin
By early 2024, there were never any outflows of funds and addresses holding at least 10 BTC held 1.5 million coins, but now they hold 2.9 million.
This
Bitcoin rainbow chart
gives an overly optimistic prediction for the current cycle, with a target of $288,000 or higher. However, historical trends suggest that this cycle’s top may be close to $100,000.
Will Bitcoin rise by another 40% before reaching the top of the cycle?
In a
publication on X
cryptocurrency analyst
CryptoBullet
observed the first bullish crossover of the weekly MACD since October 2023. At that time, there was a 172% rebound within five months.
However, this rebound occurred before the Bitcoin halving event. The debate now is whether we should expect similar returns or if the next rally will ultimately form a lower high on the MACD and end the bull market.
Analysts lean towards the latter scenario. After a vertical rebound, followed by months of consolidation, and then a bullish MACD crossover, triple-digit percentage gains may not occur. CryptoBullet indicates on his chart that a further 40% increase would be a reasonable target.
Measuring Bitcoin’s current target
Rhymes with history but doesn’t have to repeat it. In the 2017-18 bull market, the returns at the weekly MACD bullish crossover points were 617%, 468% in 2020, and 172% in 2023, but that occurred before the halving date.
Is your investment portfolio green? Check the
Bitcoin profit calculator
In 2019 and 2020, Bitcoin rose by 190% from the $3.2 million low point before the halving. The run-up before the halving that BTC experienced may be broken, and the 40% price extension target set by CryptoBullet for the next phase could be wrong.
However, based on the current situation, this seems like a reasonable expectation. It also aligns very well with the Fibonacci extension levels plotted on the weekly chart above.
Disclaimer: The provided information does not constitute financial, investment, trading, or any other type of advice and only represents the author’s opinion.