Bitcoin’s Technical Signals Suggest Potential Price Surge

Can Bitcoin’s price surge again soon? Crypto expert PlanB offers insights into long-term technical indicators, highlighting potential bullish signals. His analysis suggests a convergence of key averages—the 200-week arithmetic and geometric—might be a catalyst for future price action. He emphasizes the significance of this alignment in past market cycles, where similar patterns led to significant price increases in 2017 and 2020. PlanB highlights that when these averages converge, selling pressure often declines, paving the way for upward momentum in Bitcoin’s market.