Share this article
Bitcoin, Strategy Confirm Concurrent Bull Cross, Strengthening Uptrend Signal: Technical Analysis
Bitcoin and MSTR both flashed a bullish signal, indicating a potential major uptrend.
May 15, 2025, 2:17 p.m.
What to know:
- Bitcoin and MSTR concurrently flashed a bullish signal, indicating a potential major uptrend.
- Other indicators support the signal, though a bull-market pullback remains possible.
This is a daily technical analysis by CoinDesk analyst and Chartered Market Technician Omkar Godbole.
Imagine two major newspapers both endorsing the same presidential candidate. The joint support indicates that the candidate probably has a broad backing.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Similarly, when price charts for both bitcoin and Strategy (MSTR) — the largest publicly-listed BTC holder — show concurrent bullish signals, it’s likely a strong sign that the market and major institutional players are aligned.
Daily price charts for both BTC and MSTR show their 50-day simple moving averages (SMA) crossing above their 100-day SMA to confirm a so-called bullish crossover. It's a sign the short-term trend is now outperforming the longer-term trend, which could be a signal of the beginning of a major bull market.
BTC's bull cross is consistent with other indicators like the MACD, suggesting the path of least resistance is on the higher side.
That said, an interim drop below $100,000 cannot be ruled out, as on-chain data show influential market participants have turned cautious.
The chart shows BTC's price rally has stalled in the $101,000-$107,000 range. A downside break could trigger more profit-taking, potentially deepening the bull market pullback to support at $98,000.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
These Three Metrics Show Bitcoin Found Strong Support Near $80,000
Onchain data shows multiple cost basis metrics confirm heavy demand and investor conviction around the $80,000 price level.
What to know:
- Bitcoin rebounded from the $80,000 region after a sharp correction from its October all time high, with price holding above the average entry levels of key metrics.
- The convergence of the True Market Mean, U.S. ETF cost basis, and the 2024 yearly cost basis around the low $80,000 range highlights this zone as a major area of structural support.
Top Stories
