Odaily Planet Daily reports that a macro model combining the U.S. 10-year Treasury yield with China’s 10-year Treasury yield (US10Y×CN10Y) has recently generated an “extremely precise” bullish crossover signal, potentially signaling the next upward move for Bitcoin. Historical data shows that this indicator produced similar signals prior to the bull markets of 2013, 2017, 2020–2021, and 2023, corresponding to Bitcoin price increases of approximately 8,700%, 1,900%, 600%, and over 350%, respectively. Additionally, on-chain data reveals that whale addresses (wallets holding 1,000–10,000 BTC) have re-entered an accumulation phase during the recent price pullback, mirroring patterns observed near previous market bottoms. Analysts suggest that if Bitcoin stabilizes and rebounds near the 200-week moving average, the price could rise to $100,000 by August; however, failure to break above the key resistance level of $78,000 may still pose a risk of forming a “bull trap.” (Cointelegraph)
Bitcoin may rebound to $100,000 as macro indicator shows bullish signal
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Summary
Bitcoin news indicates a bullish trend as a macroeconomic model combining U.S. and Chinese 10-year Treasury yields recently generated a bullish crossover signal. This pattern has historically preceded Bitcoin bull runs in 2013, 2017, 2020–2021, and 2023. Whale addresses have resumed purchasing during the recent pullback, mirroring behavior seen at past market bottoms. Analysts suggest Bitcoin could reach $100,000 by August if it holds near the 200-week moving average, but failure to break above $78,000 may trigger a bull trap.
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