Over the course of the last thirty days, there has been a noteworthy 21% rebound in the market’s largest cryptocurrency, propelling it past the $81,000 mark for the first time since January. Bitcoin is approaching a crucial threshold that, if surpassed by a daily close, could trigger another upward movement. In a recent post on X, technical expert Ali Martinez highlighted this trend and asserted that Bitcoin still possesses “structural strength.” Martinez referenced a positive Moving Average Convergence Divergence crossover on Bitcoin’s weekly chart from April 13. BTC has experienced nearly a 15% increase in a relatively stable manner since the weekly signal appeared, reinforcing the idea that the trend could be shifting rather than just fluctuating without purpose. The weekly Bitcoin MACD crossover is quite significant due to its historical patterns. Martinez’s summary of previous examples indicates that a similar type of crossover occurred after notable multi-month rallies in earlier cycles.
After the crossover on October 23, 2023, there was a significant increase of 147%. Another instance was a 75% increase on October 14, 2024, and a 35% increase on May 5, 2025. The upcoming situation presents an important challenge even with the generally favorable context. Martinez emphasized that Bitcoin is nearing the 200-day simple moving average, currently positioned at $83,000. He believes this part of the daily chart signifies the most important structural and psychological barrier. He believes that a clean daily close above this level might pave the way for a macro expansion, with a primary target of 89,000 and a secondary goal of 94,000. An additional signal involving Bitcoin’s Bull Market Support Band, currently at $79,000, which is constructed from the 20-week simple moving average and the 21-week exponential moving average, was also identified by market expert Sam Daodu, enhancing the technical picture.
When Bitcoin regained this area after spending a significant amount of time below it, Daodu noted that the market usually responded with strong rallies, often reaching 50% or more within a few months. Following that pattern, the optimistic path proposed by Daodu could push Bitcoin to around $121,000, remaining slightly under the all-time high zone of approximately $126,000 established in October of the previous year. Nonetheless, the issue remains unresolved, even with the presence of encouraging indicators. The reports emphasize that to maintain the momentum, Bitcoin needs to rebound and remain above these levels. It’s still uncertain whether Bitcoin can break through resistance in the future or if the latest rise above $81,000 will be succeeded by another drop.