BTC Forms Bullish Pattern: Is This The Beginning of a Bull Run?

The question on every crypto investor's mind: Is this the start of a new Bitcoin bull run? Recent Bitcoin price action is giving increasingly bullish signals, joined by a key cross on the weekly MACD indicator. The price of Btc is currently around $50,019.50, a price the blockchain network has tried to break since last.

Both the MACD and the death cross recently trapped the bears in a pattern observed before the breakout above $70K. A potential golden cross in the coming weeks is adding to the bullish sentiment. So, the main question is: Has Bitcoin’s cycle turned and are we heading for new all-time highs?

While some analysis is warning of sub-$100,000 prices as data from Cointelegraph Markets Pro and TradingView shows BTC/USD dropping 8%, the overall trend still points upwards. Hace 3 horas Bitcoin profit-taking causes bull run hiatus, but this is a natural part of market cycles. The weekly close fell just short of expectations, raising doubts for some.

On the contrary, sidelined traders are hoping for a retracement to enter before the BTC price moves to new highs. Keep a close eye on key indicators and volume to anticipate the next major move. Whether this is a temporary pause or the true beginning of a sustained bull market remains to be seen.