The post Bitcoin Reclaims Strength As Bullish Crossover And Market Dominance Signal New Surge appeared on BitcoinEthereumNews.com.

A bullish Stoch RSI crossover is forming in Bitcoin and, if confirmed, will signify a potential rally. Price is above key support as the falling wedge broke out. BTC dominance reached a 3-year high as altcoins struggled, indicating market favor for Bitcoin. Bitcoin may be on the verge of another leg up, as technical indicators suggest momentum is building. Titan of Crypto on X details that the monthly Stochastic RSI has a potential bullish crossover, a pattern not seen since before Bitcoin’s explosive 2021 rally. If this crossover is confirmed, it can signal the start of a new renewed upward phase and even push the price to new all-time highs. A similar crossover on the monthly chart in the 2021 cycle resulted in a 56% gain in months. The setup comes as Bitcoin trades just below $97,000, or around 11% off its January peak. The price is already moving toward resistance at around $100,000 in a similar zone where the current crossover is forming. The market is now in an ‘imminent’ setup flagged by analyst Titan to revisit historic performance patterns. If buyers confirm momentum near key levels in the coming weeks, Bitcoin could be thrust into near-key levels. Breakout From Wedge Reinforces Bullish Outlook According to The Crypto Express’s Daily chart analysis, Bitcoin has broken out from an extended falling wedge, usually regarded as a bullish structure. Along with the breakout, a major push above the major support resistance area around $94,000 to $96,000 has been seen. Bitcoin is holding above this key level, and the Ichimoku Cloud continues to lend strong underlying support. Source: X  However, the breakout zone is expected to be retested, allowing bulls to confirm the trend shift before heading to even higher zones. Failure of this retest is being watched closely by analysts, as…

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Filed under: News - @ May 3, 2025 5:16 am