CoinDesk·3 min read·medium
Bitcoin gets a green light from a reliable momentum gauge. Here are key levels to watch
O
Omkar Godbole
✦AI Summary
Bitcoin is showing signs of a bullish trend after a technical indicator known as the MACD histogram crossed above the zero line. Analysts suggest this indicates a potential recovery, though they emphasize the need to watch key resistance levels like the 50-day moving average.
That’s the message coming from a popular technical indicator called the moving average convergence divergence (MACD) histogram , which oscillates around the zero line to show the direction and strength of the market trend. Crossovers above zero represent bullish shifts in momentum while crossovers below zero suggest otherwise.
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