Bitcoin eyes $84,000: could this spark the next rally?
At the start of October Bitcoin briefly exceeded $87,000, then fell to $83,500 (CoinGecko).
Analyst Ali Martinez flags $84,000—the 50 SMA—as the level that could unlock the next rally. He says a 4‑hour close above it would confirm a leg to $93,000.
Martinez also noted whales bought more than 16,000 BTC in about five days, lifting total holdings to about 5.26 million units. On‑chain data shows nearly 800,000 BTC were previously traded around $84,569; a break above this supply zone would strengthen the case for higher prices.
Crypto Rover highlighted a Golden Cross: the 50‑day moving average has risen above the 100‑day MA, a pattern that historically preceded a 500% rally after Bitcoin later peaked above $126,000.
Do you think breaking the $84,569 supply zone will ignite a new Bitcoin surge?
#Bitcoin #Crypto #OnChain #TechnicalAnalysis #MacroEconomy
At the start of October Bitcoin briefly exceeded $87,000, then fell to $83,500 (CoinGecko).
Analyst Ali Martinez flags $84,000—the 50 SMA—as the level that could unlock the next rally. He says a 4‑hour close above it would confirm a leg to $93,000.
Martinez also noted whales bought more than 16,000 BTC in about five days, lifting total holdings to about 5.26 million units. On‑chain data shows nearly 800,000 BTC were previously traded around $84,569; a break above this supply zone would strengthen the case for higher prices.
Crypto Rover highlighted a Golden Cross: the 50‑day moving average has risen above the 100‑day MA, a pattern that historically preceded a 500% rally after Bitcoin later peaked above $126,000.
Do you think breaking the $84,569 supply zone will ignite a new Bitcoin surge?
#Bitcoin #Crypto #OnChain #TechnicalAnalysis #MacroEconomy