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Bitcoin's MACD Indicates $100k Arriving Soon, BTC Up by 3% Today
Key Insights:
Bitcoin Indicates a High Momentum Rally Ahead
Crypto chart analyst Ali Martinez has brought the market's attention towards Bitcoin's rising momentum. In the last 24 hours Bitcoin has gone up by 3% after its MACD has flipped positive. On Bi-Monthly (2 Weeks) Charts Bitcoin's MACD has turned to a positive crossover after almost 6 months.
The positive crossover on such a large timeframe indicates that the momentum in Bitcoin would allow it to cross $100k in no time. Going ahead, it could also help Bitcoin cross the last ATH at $109k.
Bitcoin had been lingering in a low liquidity market since the beginning of 2025 when the US Fed indicate that there is very less likelihood of a rate cut in this year. This sparked fear in the markets as a result of which both stock markets and crypto markets lost trillions.
However, now that the US Fed is going to announce its policy rate today, the markets hope for a 0.25% rate cut which would help them recover. A no rate cut scenario would result in a further sell-off with Bitcoin feared to fall to $76k level within this week.
The 3.5% rise in the last 24 hours indicates that the markets are expecting a rate cut.
Fundamental Factors Supporting Bitcoin
In Voice of Crypto's collective experience in trade analysis, a strong technical rally has always been supported by fundamental reasons.
Strategy Going Bullish on Bitcoin
In the case of Bitcoin, this reason seems to be Michael Saylor's MicroStrategy (now Strategy) buying additional Bitcoins this week.
With the latest purchase, it now holds approximately 499,096 Bitcoins valued at over $46 billion. What works in favor of Strategy is its early entry into the Bitcoin space which now brings down its average buying price to $66k.
This means that Strategy can see another 25% correction in Bitcoin without having to worry about its liquidity.
Bitcoin's Challenging Journey In the Last 12 Months
It has been roughly 14 months when the US SEC approved all the Bitcoin ETFs under Gary Gensler. The moment was watershed and so positive that it sent Bitcoin from $16k to $30k within a month despite inflation being at 7% and US Federal Reserve's interest rate being at 5.5%.
From January to October, Bitcoin nearly doubled its price taking its own time to cross the then ATH of $69k. Within the next two months, as US election fever intensified, it consolidated its position near $70k.
After Trump's win, Bitcoin took a great leap forward towards $90k and within a month of Trump's win, it had secured $100k led by promises of Bitcoin Reserves, fair regulations, and pro-crypto stance.
However, tough times were not over yet. The US Fed indicated that there was a very little chance that it would cut interest rates further after cutting 1% in 2024. The signal sucked liquidity out of the markets and Bitcoin started gradually falling down. Another announcement that caused a panic sell was Trump's decision to use a budget neutral strategy to purchase Bitcoin. The market saw this as walking back on a pre-election promise, the largest one.
However, lately it was made clear that only freed-up funds would be used to acquire Bitcoin and no additional budgetary allocation would be done. It has now been estimated that Donald Trump administration might allocate around $7.5 to $10 billion at the minimum for Bitcoin purchase every year.
Disclaimer: Voice of Crypto aims to deliver accurate and up-to-date information, but it will not be responsible for any missing facts or inaccurate information. Cryptocurrencies are highly volatile financial assets, so research and make your own financial decisions.