CRYPTO MARKET EXPLOSION! BITCOIN BULLISH CLOSE! XRP GOLDEN CROSS & NYSE AVALANCHE AVAX!

Tony Edward (0:05)

Hey folks, welcome into the Thinking Crypto Podcast, your home for cryptocurrency news and interviews. I'm your host Tony Edward. On your way in, please hit that subscribe button as well as the thumbs up button and leave a comment below. If you're listening on a podcast platform such as Spotify or Apple, please be sure to follow and leave a five-star rating. Alright folks, we got to start with the price action because we are seeing some very bullish things happening on the charts. Of course, not our feelings, not our emotions, not the news, but what are the charts showing us? What are the signals and the metrics showing us? So, Bitcoin currently trading at $81,452.

And on the daily chart, the MACD has flipped bullish. So the momentum that the bears had in this little pullback, and I actually, I was tweeting about this throughout the week last week, and I said the higher low is going to trap the bears and it did. And in fact, Bitcoin had a very strong weekly close. So it closed as a bullish engulfing candle. That's very good. That's a very strong sign. But the other major factor is Bitcoin printed its highest weekly close in four months and reclaimed the 50 week moving average for the first time since November, 2025

Now this should come as no surprise guys, because what have we been tracking? The higher timeframe, the bullish divergence on the weekly chart, and a lot of bears have been downplaying in this. They've been ignoring it, trying to bury it in the sand, right? But this was telling the whole story with the RSI breaking out of that downtrend since September, October of last year. In addition, the MACD has been in control by the bulls, and we of course crossed the 200 day moving average. I've often stated if a asset is below, its price is below the 200 day moving average, it's in a bear market. When it's above, definitively above the 200 day moving average, it's in a bull market, right? Legendary investor Paul Tudor Jones, he once said nothing good happens below the 200 day moving average, and he's spot on. You can apply this to gold, the gold chart, the S&P 500, go look at it, guys. So we've been talking about this for a while, while the bears have been arguing, oh, look at the hourly, look at the four hour, look at the daily, right? But no, the higher timeframe has been telling the story, and things are heating up in the market because we got the most leverage in the crypto market. It's at its highest level, I should say, since October 10th. So things are getting bullish again, you got a lot of activity, and again, that weekly chart is showing everything that we need to know. Not to mention the inverse of that is the USDT stablecoin dominance, which I've been sharing with you guys on the weekly timeframe, that it is in a bearish divergence. So you're seeing the liquidity getting drawn out from that into the crypto market. So we get confirmation on multiple fronts. And in addition, Bitcoin has been in a Wyckoff accumulation schematic. So this is something I've been sharing with you guys sporadically over the past couple months, and it's playing out beautifully. So shout out to user MartyParty on X, who's been giving daily updates on this Wyckoff accumulation. So we are in that phase E, where we could run up to 90k, possibly 100k. We'll see how things go.

And yet, last week, I told you guys, after the Clarity Act failed to pass, plus the Fed raised rates, I said the market did not dump. It's showing a lot of strength, and the bear should be worried. And I think that worry is going to increase for them, because again, we closed above that 50 week or 50 day moving average. So very bullish things happening here, guys. And it's not only Bitcoin, but we're seeing the altcoins wake up as well. Here, legendary trader Peter Brandt, who I've had on the podcast over the years, he says, a bear trap immediately followed by a springboard. This is not something to be taken casually. This can be powerful. So again, that higher low trapped the bears. They thought we were rolling over. Oh, it's going to dump to 40k, 30k, right?

You see the post, and then all of a sudden, boom, you got trapped. So incredible. And if you look at the ETH chart, it is also looking bullish, ETH over $2,600.

On the weekly chart, the bulls are in full control here, and the RSI is not in the overbought zone, so there's room to run here. Now, Xrp is also looking very, very bullish.