Bitcoin Is Back on the Right Track, Analyst David Cox Says

Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Read U.TODAY on Google News Moving average 'turning up' Macro structure remains intact Advertisement Bitcoin (BTC) is pushing against a critical technical ceiling in the $93,500 to $94,000 zone. This level has been identified as the pivotal line by market analyst David Cox, CMT, CFA. In a Monday update, Cox has noted that the underlying trend indicators on the daily chart are changing decisively in favor of the bulls. HOT Stories Morning Crypto Report: Ex-Ripple CTO Reveals Unknown XRP Story From 2013, Shiba Inu (SHIB) Rockets 30% in $12 Billion Meme Coin Comeback, Legendary Trader Suddenly Becomes Bitcoin Cash Bull Schiff Dismisses Bitcoin Rally as BTC Reclaims $93K Shiba Inu (SHIB) Price Prediction 2026 Crypto Market Review: Shiba Inu (SHIB) Wants Zero Removed, XRP's Critical 2026 Resistance Destroyed, Bitcoin Needs 2 More Moves Before $100,000 Moving average 'turning up' Cox pointed to a specific bullish stacking of moving averages as evidence of returning momentum. Advertisement According to the analyst, the daily chart now reflects a structure where the shorter-term averages have crossed above the longer-term trend lines: The eight-day exponential moving average is trading above the 20-day EMA, and both are situated above the 50-day simple moving average. Crucially, the spot price has reclaimed its position above the 50-day SMA, a dynamic often viewed as a prerequisite for sustained rallies. Advertisement "Averages are turning up," Cox wrote. "Here on the daily, you can see 8EMA > 20EMA > 50SMA, and the price is back above the 50-day." Macro structure remains intact Despite the friction at $94,000, Cox urged traders to maintain a broader perspective. He noted that the "longer charts are higher highs/lows," The analysis argues that a clean break above this $94,000 resistance band could clear the path for a retest of the psychological six-figure levels discussed by other analysts earlier this week. #Bitcoin Price Prediction