Bitcoin Breakout Above $66K Sparks Macro Bottom Hopes

Bitcoin's recent breakout above $66,000 has sparked a wave of bullish sentiment among analysts. According to crypto analyst Ali Martinez, Bitcoin has once again flashed three technical signals that have historically coincided with macro cycle bottoms.

The signals include the monthly RSI dropping to around 43.65, the Chande Momentum Oscillator (CMO) falling to roughly -71, and Bitcoin trading near its 50-month moving average.

This pattern has repeated across previous cycles, including in 2015 when it appeared around $235 before Bitcoin went on to rally more than 8,300%, and in early 2019 when it flashed near $3,333, preceding a gain of 1,900%.

However, while the setup has consistently marked one of Bitcoin's strongest long-term accumulation zones, the market may still need stronger confirmation. Liquidity remains a key test for Bitcoin's rally, and stablecoin dominance has climbed to around 13%, narrowing the gap with Ethereum's 10%+ market dominance.