Bitcoin’s MACD, RSI Flip to Buy; $78K Must Be Reclaimed

Bitcoin’s weekly MACD and RSI have moved into buy territory after the token recovered about 25% from a multi-year low below $60,000. Data showed BTC trading near $75,300, roughly 4% below a 10-week high of $78,380 reached last Friday. The recent pullback followed concern over geopolitical tensions and macroeconomic uncertainty.

A technical trader identified a weekly MACD bullish crossover that formed from the lowest point the indicator has reached. The trader wrote that the weekly close will be important for confirming the signal. Another analyst noted that large moves have often followed similar weekly MACD bullish crosses in past cycles.

The relative strength index has improved to about 43 from a low near 21 in mid-February. A trading resource said a weekly RSI holding above 41 is among the macro conditions used to mark a validated bull phase, and it pointed to prior instances where similar RSI patterns preceded substantial multi-hundred-percent rallies.

Several market participants said technical indicators alone are not enough to drive a sustained advance. They pointed to the need for steady spot market buying and continued inflows into spot Bitcoin exchange-traded funds to support higher prices.

Analysts identify the 75,000–78,000 area as the most immediate test. One analyst wrote that after reclaiming $70,000, Bitcoin is pushing into a major supply zone around $75,000–$78,000 that is acting as resistance. The analyst added that a clean breakout above that zone could extend gains, while a rejection might pull price back toward support near $68,000–$70,000. Another analyst warned that failure to clear $78,000 would raise the risk that the rally is a bull trap and that losing momentum would keep downside pressure in focus.

Market participants said a decisive weekly close above roughly $76,000–$78,000 would indicate buyers have control and could open a path toward higher levels near $84,000. Traders are watching the coming weekly close and volume around the 75,000–78,000 band for confirmation of the price action.