In today’s Bitcoin update, the market finds itself at a pivotal juncture, with technical indicators aligning to suggest a potential continuation of BTC’s upward trajectory. The flagship cryptocurrency has demonstrated notable structural strength in recent weeks, fueling renewed speculation about a move toward the psychological $100,000 mark. While macroeconomic uncertainties persist, price action and historical signals are increasingly tilting sentiment toward the bulls.
Bitcoin Weekly MACD Signal Points to Strong Momentum
Market expert Ali Martinez recently suggested on X that Bitcoin could be heading toward $100,000. Interestingly, Martinez made this bullish prediction amid BTC’s recent surge past $81,000, signaling growing bullish dominance in the market. His optimism is largely driven by the bullish crossover in the weekly Moving Average Convergence Divergence (MACD) on April 13.
This indicator has historically served as a reliable signal for sustained multi-month rallies. According to Martinez, since the crossover, Bitcoin has already gained approximately 15%, reinforcing the validity of the signal. Further, a look at historical performance cements the bullish outlook.
Shortly after the October 23, 2023, crossover, Bitcoin surged 147%. The following year, on October 14, 2024, another crossover led to a 75% gain, while on May 5, 2025, a similar signal resulted in a 35% increase. If history offers any guidance, this pattern suggests Bitcoin could be positioning itself for another significant rally, potentially toward $100,000.
$83,000 Resistance Remains Critical
Meanwhile, Martinez noted that Bitcoin would face key hurdles before reaching $100,000. Analyzing Bitcoin’s daily chart, Martinez noted that BTC is approaching the 200-day Simple Moving Average (SMA) at $83,000, a significant resistance level for the asset.
According to him, if Bitcoin bulls gather enough momentum to achieve a clean break above this level, it could clear the path for a rally toward the $89,000 region. Continued bullish strength would likely extend gains further to $94,000, setting the stage for an eventual push toward the $100,000 milestone. However, failure to decisively break this resistance could result in short-term consolidation or rejection, making this level a critical battleground for market participants.
Institutional Inflows and Market Sentiment Strengthen Bullish Case
Meanwhile, amid the bullish thesis, institutional investors have also intensified their Bitcoin accumulation strategy. According to data from SoSoValue, Bitcoin ETFs recorded massive inflows totaling $532.21 million as of May 4, 2026, signaling strong institutional demand.
In parallel, data from CoinGlass shows that over $377 million was liquidated across the crypto market in the past 24 hours, with short positions bearing the brunt of the losses at $223 million. This wave of short liquidations suggests that bearish traders are being squeezed out as upward momentum builds.
Adding to the evolving sentiment, the Crypto Fear and Greed Index has climbed to 50, indicating a neutral market stance. This marks a notable 10-point increase from the previous day’s reading of 40, which reflected fear. The shift toward neutrality underscores a gradual improvement in market confidence, further supporting the case for a continued upward move toward the $100,000 target.
Josiah Oluwadare
