Analysis: Multiple BTC key technical indicators reappear in 2024, which may indicate a new round of upward trend

Odaily Planet News - CoinDesk analyst Omkar Godbole points out that Bitcoin's recent technical chart shows patterns similar to those between August and October 2024, when BTC rose from around $70,000 to $109,000. Key indicators including the MACD histogram and "death cross" signal have recently shown trends similar to 2024, which previously caused short sellers to be forced to close positions before market rebounds. Additionally, analysts expect a potential "golden cross" formation in the coming weeks, where short-term moving averages cross above long-term moving averages, typically viewed as a strong bullish signal. Currently, BTC is priced at approximately $97,000, with market attention focused on whether it can break through the psychological level of $100,000 and further challenge its historical high. (CoinDesk)