A Bullish Rally May Be Coming for Bitcoin! Analyst: "Two Indicators That Previously Signaled a Rally Are Giving Signals!"

Bitcoin is experiencing a strong recovery after the first week of April while it had a weak performance in the first quarter of 2025.

At this point, Bitcoin has risen above $97,000 again following the news that the US and China will continue their discussions on customs tariffs.

Before the critical FED decision, while moving around the level of 96 thousand dollars, market analyst Omkar Godbole stated that the Bitcoin chart indicates an upward trend.

According to the analyst, Bitcoin is showing technical patterns similar to those prior to its rise at the end of 2024.

MACD Indicator!

The analyst, who analyzes the popular MACD indicator used to identify trend changes and reversals, indicates that the MACD and moving averages are likely signaling a potential bullish reversal with the imminent formation of a golden cross.

At this point, the analyst noted that the price of Bitcoin initially fell after the MACD turned negative in mid-February, but quickly found support at the 50-week SMA in March and has since returned above 90,000 dollars.

Analyzing the situation, the analyst stated that it reflected the past August and September months, noting that the MACD turned bullish in mid-October and resulted in a rise from $70,000 to $100,000 by December.

50 and 200 Day Averages!

"Secondly, the analyst examining the 50 and 200-day SMAs stated that the two averages created a death cross about four weeks ago, indicating a downward trend, but it turned out to be a bear trap. Bitcoin found support around 75 thousand dollars and changed direction."

At this point, the analyst notes that the 50-day SMA has started to rise again recently and could soon move above the 200-day SMA, forming a golden cross that indicates an upward trend in the coming weeks.

Analysts noted that this situation reflects last year's trend, stating, "The death cross crossover in August last year created a bottom, immediately followed by a rise that started above 70 thousand dollars and eventually reached new peaks by rising above 109 thousand dollars."

As a result, the analyst states that although history does not guarantee future outcomes, the indicators on the Bitcoin chart suggest a possible rally in the coming months and that BTC could reach new ATHs.