The Crucial Barrier 🦇
This doesn’t mean the bull scenario is totally dead tho. Popular trader Ali Martinez is eyeing the 84k zone as the real trigger since it lines up with the 50 SMA and might just unlock the next leg up. He dropped this take on X. A 4-hour close above it could confirm the next leg higher to 93,000 he projected. 💀 Martinez also noticed whales scooped over 16,000 BTC in roughly five days pushing their bag to around 5.26 million coins total. That buying puts a rebound in focus but Bitcoin has a hurdle to clear first. On-chain data shows nearly 800,000 BTC were previously traded around 84,569. A break above this supply zone would strengthen the case for a move higher he added. 🕸️ Other voices like Scient and Toz jumped in too. Scient spotted the cleanest cup and handle pattern ever on BTC targeting 105,000. Toz thinks it might copy that late-2022 dip then massive climb vibe.Golden Cross Vibes 🌑
Crypto Rover shared a chart noting BTCs 50-day moving average just crossed above the 100-day MA. The last time Bitcoin flashed this Golden Cross it marked the END of the bear market. BTC went on to rally over 500 percent. 🕷️ This signals bullish energy but remember the classic version needs the 50-day crossing the 200-day instead. Back in September last year BTC printed that real golden cross south of 110,000 then spiked to a fresh ATH above 126,000 about a month later. 🦇Just another echo from the void by iconofsin.eth 💖
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