{"id":649552,"date":"2024-10-24T05:00:31","date_gmt":"2024-10-24T05:00:31","guid":{"rendered":"https:\/\/shenyangcang.com\/?p=649552"},"modified":"2024-10-23T17:15:18","modified_gmt":"2024-10-23T17:15:18","slug":"bitcoin-macd-turns-bullish-since-2023-predictions-of-cycle-top-and-next-bear-market-bottom","status":"publish","type":"post","link":"https:\/\/shenyangcang.com\/bitcoin-news\/bitcoin-macd-turns-bullish-since-2023-predictions-of-cycle-top-and-next-bear-market-bottom\/","title":{"rendered":"Bitcoin MACD Turns Bullish Since 2023: Predictions Of Cycle Top And Next Bear Market Bottom"},"content":{"rendered":"
As Bitcoin (BTC) experiences a minor correction, trading below the critical $66,000 support level after several unsuccessful attempts to breach the $70,000 mark, analysts observe significant technical indicators that may signal future price recoveries.\u00a0<\/span><\/p>\n
Notably, BTC’s weekly Moving Average Convergence Divergence (MACD) has turned bullish for the first time since October 2023. This shift in the MACD parallels previous market behavior, particularly the substantial rally in the 2021 bull market.<\/span><\/p>\n
Current Bitcoin Trends Echo 2021 Rally, New ATH Possible<\/span><\/h2>\n