Bitcoin Surges 20% to $100,000 as Bullish Signals Emerge

Bitcoin (BTC) has shown signs of a potential trend reversal after weeks of downward movement, according to a recent analysis by crypto analyst burakkemeci. The leading cryptocurrency surged past $100,000 for the first time since February 3, trading slightly above this mark at the time of writing. This represents a rebound of over 20% from its recent low of $74,508 recorded on April 6.

The analyst referred to the CryptoQuant Bull-Bear Market Cycle indicator, which is flashing early signs of a potential bullish trend reversal. The indicator uses the 30-day and 365-day moving averages (MA) to identify shifts between bull and bear cycles. Notably, the Bull-Bear 30-day MA has started to turn upward, suggesting that if this metric crosses above the 365-day MA, historical trends indicate Bitcoin could enter a phase of parabolic price growth.

Recent macroeconomic developments may further support the bullish narrative for Bitcoin. Julien Bittel, Head of Macro Research at Global Macro Investor, highlighted the relationship between the global M2 money supply and the price of BTC. According to Bittel, the data reveals a steep increase in global liquidity since early 2025, implying that BTC could follow this trend and continue rising in the months ahead.

Despite recent strength, not all signals are bullish. Analysts caution that the current rally has been accompanied by aggressive profit-taking, increasing the chances of a local top forming. Recent analysis shows that BTC’s Demand Momentum is yet to come out of negative territory, a behavior mostly prevalent during late-cycle distribution phases or macro-level consolidation periods.

However, Bitcoin’s Stochastic Relative Strength Index (RSI) is beginning to reflect renewed bullish momentum. At press time, BTC trades at $103,444, up 4% in the past 24 hours. This indicates that while there are warning signs, the overall sentiment remains cautiously optimistic for a potential bullish breakout ahead.