Bitcoin appears to be gearing up for another significant breakout as technical indicators flash strong bullish signals, according to crypto analyst Crypto Rover.
In a tweet posted early Friday morning, Rover highlighted a classic bullish chart pattern forming on the 1-hour timeframe — a symmetrical triangle consolidation following a steep upward move.
This setup often precedes a continuation in the direction of the prevailing trend, which in this case is up. “NEW BITCOIN BREAKOUT LOADING…” Rover wrote, suggesting an imminent surge in price.
Supporting the short-term optimism, Rover also shared a second post spotlighting a critical development on the weekly chart: a bullish MACD crossover, a widely recognized signal of long-term trend reversals. Historically, previous MACD crossovers in 2023 and 2024 preceded major bull runs for BTC.
“BULLISH CROSS FOR #BITCOIN ON THE WEEKLY. ONE OF THE MOST BULLISH SIGNALS EVER! 🚀” the analyst stated, emphasizing the historical importance of this indicator.
At the time of the tweet, Bitcoin was trading just above $103,000. With both short- and long-term technicals aligning, market participants are closely watching to see whether this setup will mark the beginning of Bitcoin’s next leg up.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/bitcoin-primed-for-major-breakout-as-bullish-signals-emerge/