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Bitcoin's MACD indicator just flashed a bullish golden cross on the 3-day timeframe—and this is worth paying attention to.
Looking back at historical precedent, the previous four instances of this exact technical setup saw Bitcoin rally by at least 66% in the subsequent move. If that pattern holds, we're looking at a potential target around $140k.
Of course, past performance isn't a guarantee, but the confluence of this bullish signal with the current market structure does suggest upside potential worth monitoring. Whether the market will follow the historical playbook remains to be seen, but the technical setup is undeniably compelling at this stage.