Bitcoin’s ’Proven Momentum Indicator’ Triggers Bull Signal—Analysts Double Down on $140K-$200K Price Targets

Bitcoin’s notorious momentum indicator just flipped green for the first time since 2021, sparking fresh bullish euphoria among crypto traders. The signal—which preceded BTC’s last two major rallies—historically marks the start of explosive upside.

Wall Street’s crypto converts are now scrambling to revise their year-end targets upward. ’This is the confirmation institutional players were waiting for,’ says one analyst, before adding under their breath, ’...and yes, we’re all just chasing the same on-chain metrics as last cycle.’

Meanwhile, retail traders face the age-old dilemma: FOMO in now or wait for the inevitable 30% ’healthy correction’ that’ll arrive right after they buy.

BTC’s weekly chart MACD has crossed above zero, indicating a renewed bullish momentum.

The latest bullish signal follows bitcoin’s bounce from the 50-week simple moving average (SMA), replicating patterns observed in mid-2024 and early 2023. On both occasions, BTC subsequently experienced strong rallies.

Note how the MACD flipped positive in the second half of October, warning of a big MOVE higher. BTC broke above $70K in early November and eventually reached record highs in December.

Over the past five years, the MACD has crossed into positive territory five times, with only one false signal in March 2022, which trapped bulls (marked by circle) on the wrong side of the market.

The latest signal is consistent with the bullish macro picture and analysts’ calls for a rally to higher levels. Early this week, Standard Chartered said that institutional adoption and investment lows could lift bitcoin as high as $200K.

In a report shared with CoinDesk on Tuesday, analysts at Bitfinex said BTC is evolving into a global macro reserve asset and could rise to $150K-$180K in 2025-26.