Key technical indicators in both traditional equities and the crypto market suggest a potential shift toward bullish momentum.

The S&P 500 rose 1.7% on Monday, extending last week’s gains and pushing back above its 200-day moving average (200 DMA), a widely followed indicator of long-term market trends. After experiencing a nearly 10% correction in recent months, the index’s move above this level signals renewed investor optimism.

This pattern has also played out in Bitcoin (BTC), which has climbed past $88,000 after breaking its own 200 DMA of $85,046 over the weekend. Historically, a decisive move above this technical threshold has preceded further upside momentum.

Bitcoin’s next key resistance level sits at $93,245, coinciding with the short-term holder realized price—a metric tracking the average on-chain cost basis of recently active coins. Since short-term holders are more prone to selling during price rallies, this level could act as a major test for Bitcoin’s ongoing breakout.