Bitcoin Signal Hints at New Bull Market as Momentum Continues
A significant Bitcoin signal has emerged following its strongest weekly gain in recent years. The cryptocurrency surged from around $62,700 to $79,500 in a single week, delivering a gain of over 20%. This move is reminiscent of powerful reversal candles seen at major market turning points in previous cycles.
Historical analysis shared by market analyst Ali Martinez reveals that similar explosive weekly candles have appeared near the end of Bitcoin bear markets and the beginning of new bullish phases. The current rally mirrors the 2019 recovery, when Bitcoin recorded a 31.98% weekly gain after an extended bear market.
The two-week MACD chart shared by crypto analyst Moustache shows that the indicator is nearing a bullish crossover, a signal that occurs when the MACD line rises above its signal line and momentum shifts upward. This setup is developing near what the analyst identified as the 2026 market bottom, suggesting Bitcoin may be repeating a familiar cycle structure.
Bitcoin remains comfortably above its 50-day simple moving average (SMA) of $64,616 and 200-day SMA of $69,010, indicating a strong bullish trend. However, the 14-day relative strength index (RSI) stands at 85.99, placing Bitcoin deep in overbought territory.