The moving average convergence divergence (MACD) histogram, a technical analysis indicator used to gauge trend strength and changes, has flipped positive on the weekly chart for the first time since April, according to charting platform TradingView. It signifies a renewed upward shift in momentum, implying a bullish resolution to bitcoin’s prolonged back and forth trading between $50,000 and $70,000.
Source: https://www.coindesk.com/markets/2024/10/21/bitcoin-gets-yet-another-bullish-signal-as-prices-near-70k/?utm_medium=referral&utm_source=rss&utm_campaign=headlines