Bitcoin's price is on the rise, setting the stage for what could be a major breakout. Lark Davis highlights a weekly MACD bull cross, a technical indicator suggesting a strong upward trend.

Key Highlights:
  • The last time this happened, Bitcoin’s price surged from $29,000 to $74,000, signaling potential for a repeat. Institutions are paying close attention, with Bitcoin ETFs seeing nearly half a billion dollars in inflows recently. This demand far exceeds daily miner production, suggesting that institutional money could push prices even higher.


Despite this, retail interest is low, meaning everyday investors haven’t joined in yet. Lark notes this could change if Bitcoin hits all-time highs, drawing media attention and sparking a new wave of investment from the public. Globally, countries like Russia, UAE, and even Bhutan are embracing Bitcoin mining, further validating it as a serious asset.

For now, Bitcoin’s rise seems institution-driven, but it might not stay that way for long if momentum builds.