According to Omkar Godbole, analyst at Coindesk, the weekly MACD bar chart has broken through the zero axis, indicating renewed bullish momentum. The bullish signal coincides with Bitcoin's rebound from the 50-week simple moving average (SMA), which is similar to the trend in mid-2024 and early 2023, when BTC subsequently experienced a sharp increase.
Analysts say that in the past five years, MACD has entered positive territory five times, with only one false signal (circled in the chart) in March 2022, causing bulls to misjudge the direction of the market.
Analysts: Bitcoin weekly MACD trend indicates that the price may usher in a sharp rise
2025-05-14 15:10:09
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