Bitcoin Macro Indicator Flashes Bullish Signal, Putting $100,000 Back in Play

Bitcoin's price is often influenced by global liquidity and the cost of capital. Analyst AO applied the Stochastic Relative Strength Index, or Stoch RSI, to the product of U.S. and Chinese 10-year government bond yields. Historical TradingView charts show that bullish crossovers in oversold territory occurred near market bottoms in 2013, 2017, 2020–2021 and 2023, making the indicator a reference point for potential medium-term reversals.

Cointelegraph reported on March 13, 2026, that the indicator had produced another bullish crossover that month. CryptoQuant data also showed renewed accumulation by whales holding 1,000–10,000 BTC. If Bitcoin rebounds from its 200-week moving average, it could reach $100,000 before August, but it must first break above $78,000. Support lies at $68,300 and in the $60,000–$65,500 range.