Bitcoin (BTC) Price Shows Strong Movement, Sparking Discussions About a Potential Parabolic Surge

Bitcoin (BTC) price has shown strong price movement, sparking discussions about a potential parabolic surge.

Bitcoin price has shown strong price movement, sparking discussions among analysts and traders. Technical indicators are closely monitored to confirm the continuation of the bull market.

Key Technical Indicators Suggest Imminent Breakout

Ali Charts highlighted the importance of the MVRV (Market Value to Realized Value) ratio in conjunction with the 180-day SMA. The formation of a golden cross between these metrics has historically indicated strong bullish trends.

“Golden crosses are bullish in the beginning of a bull market, but they also tend to signal the continuation of a strong and healthy bull market.”

Source: Ali Charts on X

Similarly, Merlijn The Trader observed that BTC recently bounced off the 50-day Exponential Moving Average (EMA). Furthermore, it formed a bullish cross on the Stochastic RSI.

This pattern has previously led to significant parabolic price movements. According to Merlijn, these signals indicate that Bitcoin price may be on the verge of another major upward trend.

Meanwhile, RJT. WAGMI pointed out that Bitcoin is at a critical crossroads. He indicated that the token is testing a descending trendline. At the same time, BTC is facing resistance from the 100-day Moving Average and the Ichimoku Cloud.

A breakout above these resistance levels could lead to a sharp rally, whereas rejection could result in a pullback. Traders are watching this level closely, as the next move could determine Bitcoin price trajectory in the coming weeks.

Bitcoin Price Analysis: Deep in a bull market, 45 level on the weekly RSI has always been major during bullish breakdowns.

Last 2 times this level was tested and price went up 193% and 107% after.

Current RSI tested this support at 76.6K. If the pattern holds, we can expect a 64% price surge from here.

As many traders know, Fibonacci retracement and extension levels are among the preferred technical indicators used by traders to predict price movements.

Analyzing the historical data and the current situation, one can predict that BTC is on the verge of another monumental increase. However, traders remain wary due to extrinsic risks, especially about new laws, regulations, and macroeconomic factors.

President Donald Trump recently spoke about Bitcoin, continuing to recirculate plans to make the U.S. a crypto leader despite traders hoping for clearer policy actions.

His statement helped sustain BTC above $85K. Moreover, the interest among the institutions is still rising, with many adopting it.

For instance, Metaplanet, a Japanese firm, has recently increased its Bitcoin reserves to 3,200 BTC and is now the largest BTC holder in Asia.

The share value rose due to increased Bitcoin use by the firm’s investors. Bitcoin adoption as a long-term investment grew by 17.8%. This shift contributed significantly to the surge in the firm’s share value.

The latest FOMC meeting also indicated a slowdown in quantitative tightening measures and hinted at possible interest rate cuts in 2025, reflecting a shift in monetary policy.

As BitMEX co-founder Arthur Hayes stated, these developments could further support Bitcoin’s upward momentum. However, short-term volatility is still expected.