Bitcoin 'bullish cross' with 50%-plus average returns flashes again
Bitcoin’s stochastic RSI has shown a bullish cross, indicating potential upward momentum as historically this leads to significant price rebounds. Each time the weekly stochastic RSI printed a bullish cross, Bitcoin typically experienced sharp recoveries averaging around 56% within three to five months. Notable past rallies have included gains of approximately 90% from November 2022 lows and another 92% in late 2023, culminating in a staggering 98% move to an all-time high of around $110,000 in January 2025. If past patterns hold, Bitcoin could target at least $120,000 by July or August 2025. Furthermore, Bitcoin's 50-week exponential moving average has provided a robust accumulation zone since October 2023. Although a break below this level could lead to a 40% decline toward the 200-week EMA, institutional interest appears strong as global crypto hedge funds increase their Bitcoin exposure, suggesting they view the dip as a buying opportunity. The perceived price target of over $120,000 is gaining traction among analysts.
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