BTCUSD over the 1W MA100 again after 532 days!

It has been 76 weeks (532 days) since BTCUSD traded over the 1W MA100, a Resistance finally broken this week. Even though the weekly closing is critical, this mere breakout itself, opens the way for a Bullish Cross between the MA50 and MA100. The 1W technical outlook is on excellent bullish levels (RSI = 65.377, mACD = 378.900, ADX = 35.081) increasing the high probabilities of such a Bullish Cross.

The pattern is so strong that every time Bitcoin formed it, an uptrend started that never looked back and led it to the Cycle's parabolic rally (exception COVID crash which is a different set of fundamentals). Along with that pattern, the 1W MACD always formed a Bullish Cross and as you see, we may only be days away from a new one.

See how well our prior idea has worked:


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