A big week for crypto as Bitcoin is rallying and crypto adoption surges.
Hey Traders👋
Happy Saturday! Bitcoin is on the move, crossing $78,000 today, showing strong momentum as the relief rally continues to unfold.
Let’s break down where we stand.
📊 Bitcoin Technicals: Bullish Momentum Building
🔹 Daily Chart
RSI is approaching the overbought zone → expect a pullback soon
But a pullback does not mean the rally is over
As long as BTC holds key support, the trend can continue higher
MACD shows bulls firmly in control
🔹 Weekly Chart
We’re seeing meaningful strength here:
MACD has flipped bullish — first time since September 2025
RSI moving away from oversold levels, signaling room for upside
This is a strong shift in momentum on higher timeframes.
🔹 Monthly Chart
Zooming out further:
MACD shows bears losing momentum
RSI is turning upward, similar to levels seen at prior bear market bottoms
These are the kinds of signals that often appear early in major recoveries.
🎯 Price Targets: How High Can This Rally Go?
If momentum continues, Bitcoin could:
Push into the mid $80Ks
Potentially test $90K before a correction
But here’s the key technical moment:
📉 Bitcoin is testing a descending trendline (2nd time this year)
👉 A confirmed breakout would strengthen the case for the relief rally continuing.
This is a critical level to watch.
📉 Don’t Ignore a Pullback
Even in a bullish setup, we need to stay realistic.
A pullback is very likely given:
Daily RSI nearing overbought
Rapid price movement
And we must acknowledge the downside scenario:
👉 Bitcoin could still correct into the $50K–$40K range
Not the preferred outcome — but a possibility we must be prepared for.
📈 Stock Market Strength = Bullish Tailwind
The S&P 500 just hit new all-time highs in an aggressive move.
This is a major tailwind for crypto.
However:
RSI is nearing overbought
A short-term pullback in equities is likely
As always, crypto will take cues from broader markets.
🪙 What About Altcoins?
If Bitcoin continues higher:
👉 Altcoins should follow
Momentum is already building, and historically:
BTC leads
Alts follow with higher beta moves
The key is Bitcoin maintaining strength.
🧠 Big Picture
We don’t know exactly how high this relief rally goes.
But we do know:
Momentum is building
Higher timeframe indicators are improving
Macro conditions remain supportive
My Thesis:
I remain long-term bullish, with expectations that markets continue to rally into late 2026.
Why?
Political incentives to keep markets strong ahead of midterms
A new Fed Chair aligned with growth policies
Continued liquidity support
🔥 Major Crypto News
🏦 Goldman Sachs Files for Bitcoin Income ETF
Goldman Sachs filed to launch a Bitcoin Premium Income ETF, offering BTC exposure combined with options strategies to generate yield.
This targets investors looking for income + exposure, not just price appreciation.
💼 Charles Schwab Launches Spot Crypto Trading
Charles Schwab announced Schwab Crypto™, enabling direct trading of:
Bitcoin
Ethereum
With:
Educational tools
Professional support
Another major TradFi player enters spot crypto.
🏛️ Morgan Stanley Doubles Down on Tokenization
Morgan Stanley CFO stated tokenization is the next major step for its multi-trillion-dollar wealth business.
This follows the firm’s recent Bitcoin ETF launch.
⚖️ SEC Clarifies Crypto Interface Rules
The U.S. Securities and Exchange Commission issued guidance stating that certain crypto interfaces:
Supporting self-custodial wallet transactions
Facilitating user-initiated trades
👉 May not require broker-dealer registration in some cases
This is a meaningful step toward clearer regulatory boundaries.
🧩 Final Thoughts
$BTC is showing strength.
Momentum is building.
The trend is improving.
But we’re not out of the woods yet.
Watch the trendline breakout
Expect volatility
Stay prepared for both upside and downside scenarios
The market is setting up — now we wait for confirmation.