Analyst: Bitcoin Price Chart Shows 'Golden Cross' Alignment with Strategy, Could Signal Technical Rally

BlockBeats News, May 15th, according to a CoinDesk report, analyst Omkar Godbole released an analysis report stating that Bitcoin has shown a technical bullish signal in sync with the price chart of Strategy, the largest Bitcoin company worldwide. The daily chart shows the 50-day moving average crossing above the 100-day moving average, forming a "Golden Cross." Analyst Omkar Godbole pointed out that this synchronized signal indicates that the short-term trend is surpassing the long-term trend, potentially heralding the start of a bull market primary uptrend.

However, the analyst also simultaneously noted that on-chain data shows whale market participants are turning cautious, with the current price facing resistance in the $101,000 to $107,000 range, with a key support level at $98,000.