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Cryptocurrency News Articles

title: The Bitcoin price has just printed a major bullish signal

May 03, 2025 at 11:00 am

This bullish shift comes after April closed in the green, reclaiming technical levels and signaling the potential for a significant move toward the six-figure price territory.

title: The Bitcoin price has just printed a major bullish signal

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April closed in the green, reclaiming technical levels and setting the stage for a potential move toward the six-figure price territory. Now, one analyst is saying that the Bitcoin price has just hit a local bottom and sparked interest among analysts.

This bullish shift comes after April closed in the green, reclaeming technical levels and setting the potential for a major move toward the six-figure price territory.

Analyst Highlights Bitcoin’s Strongest Bullish Signals Yet

Market expert Titan Of Crypto announced on X (formerly Twitter) that Bitcoin has finally hit a local bottom. The analyst shared a chart showing that Bitcoin is flashing one of the strongest bullish signals yet, which occurs when the Kumo Cloud grows thicker and the Chimo lines get closer together.

The analyst stated that a close above the Tenkan signals short-term bullish momentum, while the Kijun confirms strength in a medium-term trend. The thick Kumo cloud represents the most bullish configuration, indicating clear trend dominance.

Moreover, when Bitcoin closes above all Ichimoku lines, it establishes a dynamic support or resistance zone, which in this case, validates the overall bullish structure.

The analyst went on to add that this bullish structure is further supported by the April high, which has now been reclaimed by Bitcoin. This rectangular zone, highlighted as “the local bottom” on the chart, reflects price action between February and April 2025, where BTC formed a higher low above the Kijun. The bullish April monthly candle close above this zone officially establishes this region as a strong foundational support, which validates the possibility of a local bottom from a technical standpoint.

With the local bottom confirmed and momentum on its side, Bitcoin could be headed to the next likely resistance area, marked on the chart as the “Next Point of Interest.” This area sits above the $110,000 region, near $115,000.

For this bullish scenario to play out, BTC must maintain its position above the April high and the Kijun as dynamic support. Bulls will need to defend any retracements toward these zones to preserve momentum. Failure to do so could lead to a deeper correction, invalidating the bullish outlook.

Bitcoin Is Breaking Out Of Tight Range

In a more recent post, Titan Of Crypto announced that Bitcoin is breaking out of a tight range and its price action looks strong. He shared an Ichimoku Cloud analysis of the cryptocurrency, showing a potential bullish breakout setup on the 1-day timeframe.

Looking at the price chart, Bitcoin has been consolidating in a tight range between $92,880 and $95,800 over the past several days, but momentum appears to be building for a potential breakout. A confirmed close above $95,800 would validate the breakout and open the door for a bullish continuation, with the price target set near $99,000.

As long as the price stays above the Kijun line, it suggests that the bulls remain in control from a medium-term perspective. However, a break below this level could indicate a shift in momentum back to the sellers.

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!

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Other articles published on May 04, 2025