Bitcoin Rises 428.57% in 24 Hours Amid Strong Buy Signal and Volatile Short-Term Reversal

On SEP 8 2025, Bitcoin (BTC) surged by 428.57% within the past 24 hours, reaching $7.3E-7. Over the past week, the cryptocurrency climbed 281.69%, but it has experienced a sharp reversal in the longer term, falling by 519.48% in the past month and plummeting by 7606.56% over the last year. The recent short-term jump has raised investor interest and sparked renewed technical analysis on potential reversal points.

Technical indicators suggest a short-term bullish bias, with the RSI moving into overbought territory and the 50-period moving average crossing above the 200-period line—a potential early sign of a trend reversal. However, the dramatic one-month decline highlights the inherent volatility in the cryptocurrency market. Analysts project that while the 24-hour rise is encouraging, it should be viewed in the context of historical corrections that may follow.

The MACD histogram shows a recent narrowing, signaling a potential slowdown in momentum. This development may hint at a market consolidation phase, where traders could either continue to build long positions or hedge against a pullback. A key resistance level at $9.2E-7 is now in focus, and a successful break above it could trigger a broader bullish phase. Conversely, a retest of the 24-hour entry level at $4.1E-7 will serve as a critical short-term support.