Bitcoin Buy Signal Sparks Hope for Move Back Above $90,000

Bitcoin's price movement has been closely watched by investors and traders, particularly after its decline from the 2025 peak. According to trader Jesse Olson, a two-week buy signal is developing on the cryptocurrency's chart, similar to the setup seen before its 2023 recovery.

The signal is forming above a descending trendline that guided the pullback from previous highs and above the rising longer-term moving average near $65,185. The key feature of the chart is the indicator beneath the price, which shows momentum recovering from a weaker zone closer to 33.54.

Olson noted that the previous two-week candle also showed a pending signal but failed to confirm it by the close. This distinction matters, as the bullish case strengthens only if the indicator completes the signal rather than reversing before the candle closes.

A shorter-term four-hour chart from CobraTrader identifies a higher support zone that could become important before Bitcoin reaches Olson's longer-term trend level. The chart marks roughly $75,500 as the preferred area for evaluating bullish positions after a pullback.