Bitcoin (BTC) has a mixture of signals usually monitored by traders during the main ascension. The main encrypted currency “Combo Bull Run Combo” has had a rare graph this week – a golden cross in the daily time frame, associated with a strong support from the support level of about $ 95,488.
The golden cross occurred when the moving average moved for 23 days above the moving average for 200 days. It is a classic technical pattern that represents a long -term transformation to the upward trend. This intersection cannot be considered winning, but it often receives the attention of merchants who focus on momentum and look at the big picture.
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Meanwhile, the BTC price tested 95,488 dollars again – a level now showed strong support. The price in this field decreased after the march last week, but it maintains steadily, indicating that buyers intervene to defend this range.
As of May 4, Bitcoin is traded slightly less than 95,500 dollars. From the price perspective, there was some frequency on the $ 96,000 brand in the last sessions, but the total trend is still optimistic as BTC is trading much higher than the penetration area around 94,200 dollars.
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Support levels are still present, at $ 91,000, 90,288 dollars and 89,738 dollars. If the price decreases more, these may be good spots to see it. These areas can give us a space for breathing during monotheism without filling in the big image.
When you put all this together, this mixture of long -term and short -term strength gives Bitcoin a solid technical base. The current preparation is more or not, and although it may lead to a new outbreak or more side movement in the short term, it is definitely not worth ignoring it.
