Bitcoin dominance showed a rare MACD signal on August 15, the first since August 2020. Analysts are now discussing what this could mean for the market, with some pointing to how it can push BTC price toward $150,000.
Rare MACD Signal Appears on Bitcoin After Five Years
Bitcoin dominance, a measure of BTC’s share of the total cryptocurrency market, recorded a bullish Moving Average Convergence Divergence (MACD) crossover this week.
The pattern appeared on a monthly chart posted by market analyst Mikybull Crypto. The last time the same signal showed up was in August 2020.
The chart showed Bitcoin dominance at 59.35%, with the MACD lines crossing upward. In trading, this is often seen as a sign of positive changing momentum.
It can mean Bitcoin is getting stronger than other cryptocurrencies, but it does not promise immediate higher prices.
Bitcoin’s share of the market has been going up over the past year. This adds to the talks about where the market might go.
In previous cycles, similar technical patterns have sometimes been followed by large price moves.
Some traders believe this could be the start of another strong phase for Bitcoin price.
Bitcoin Price Market Cycles and the “Peter Top”
With the market facing intense volatility, analyst JDK Analysis posted a long-term Bitcoin Cycle Chart in a conversation with legendary trader Peter Brandt.
The chart highlighted different stages of past Bitcoin cycles and included a point labeled the “Peter Top.”
JDK Analysis said that adding more data points had made the cycle picture clearer.
While the chart did not make a direct prediction tied to the MACD signal, it suggested that Bitcoin could be moving closer to a late-stage cycle.
These cycle charts compare today’s market with past years to spot possible turning points.
Peter Brandt, known for talking about big Bitcoin price moves, has shared charts like this before.
While he has not given a set target, the idea of a late peak has fueled guesses about Bitcoin’s next move.
U.S. Treasury Policy Adds to Market Factors
Moving away from technical charts, Bitcoin was also in focus after comments from the U.S. Treasury official Scott Bessent.
He confirmed that the Treasury would not be buying Bitcoin for its Strategic Reserve.
However, he said the reserve would continue to grow its holdings through assets seized in criminal and regulatory actions.
Bessent also said the government would stop selling Bitcoin from its holdings. This marked a change from earlier policies, where seized Bitcoin was regularly auctioned.
He added that the Treasury would look for budget-neutral ways to expand its reserve, in line with President Donald Trump’s goal of making the United States a “Bitcoin superpower.”
The market reacted quickly to the update and other trends from earlier in the week.
Bitcoin’s price, which had just set a record above $124,000, dropped below $120,000 after the remarks.
As of writing, the Bitcoin price was changing hands for $117,689, down 1.08% in 24 hours per Coinmarketcap data.
Analysts pointed out that removing regular government sales from the market could reduce selling pressure over time.
These policy changes, combined with the rare MACD signal and ongoing cycle analysis, have given traders several factors to watch.
Some believe the technical and policy backdrop could help support higher prices, possibly toward $150,000.
Others say the market still faces risks and that no single signal can predict the outcome.
For now, the rare MACD crossover, talk about market cycles, and changes in U.S. policy are all part of Bitcoin’s bigger story.
Traders will watch to see if these things together guide the market’s next move.
