Bitcoin’s Weekly MACD Signals Renewed Bullish Momentum

Bitcoin is experiencing renewed bullishness according to analysis from Coindesk expert Omkar Godbole. The weekly MACD histogram has crossed the zero line, indicating a potential shift in market direction. This positive signal comes alongside Bitcoin’s rebound from its 50-week simple moving average (SMA), echoing previous trends observed in mid-2024 and early 2023 which led to price surges afterwards. Godbole points out that over the past five years, the MACD has entered a bullish trend on five separate occasions, with only a single false signal in March 2022 causing traders to misinterpret market signals.