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Bitcoin (BTCUSD) has experienced a notable price increase, gaining over $11,000 in the past 14 days. The cryptocurrency recently completed a bullish weekly moving average crossover on April 10 and achieved a strong breakout above the $90,000 level. As of early May, Bitcoin tested and surpassed a floor price of $96,000. Analysts note that Bitcoin has reclaimed a major macro uptrend that has been guiding the current market cycle, with many investors yet to fully adopt a bullish stance. This cautious sentiment is viewed as positive for further price appreciation, as broad bullish consensus is not yet established. The weekly chart setup indicates potential for new highs in the near term.
bitcoin has reclaimed a major macro up-trend, the one that has been guiding this whole cycle, and many are yet to turn properly bullish textbook disbelief, here — perfect, that’s what we want — if everyone was already in + bullish, that’s more concerning every box is checked https://t.co/Fl0uEZomDM
Liquidation Levels - 11:39am May 3rd https://t.co/yalcFtBtMD Note: Bitcoin tests floor at $96000 all night. Passed. https://t.co/pKWX9gtIAs
$BTCUSD is +11K in the past 14 days, completed a bullish weekly MA cross yesterday (4/10) and more importantly, had a strong breakout over 90K recently. The weekly chart is setting up for new highs. https://t.co/XnrfW6HWZy https://t.co/8IBrRw1B4H
