5 hours ago
CoinRank
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CoinRank News: Analyst Omkar Godbole said that Bitcoins weekly MACD histogram has broken through the zero axis, indicating that bullish momentum has re-strengthened. The emergence of this bullish signal coincided with Bitcoins rebound from the 50-week simple moving average (SMA), which is exactly the same as the trend in mid-2024 and early 2023-when BTC subsequently ushered in a sharp rise. Analysts said that in the past five years, MACD has entered the positive zone five times, and only one false signal (circled in the figure) appeared in March 2022, causing bulls to misjudge the market direction. (Coindesk)
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