Bitcoin gets a green light from a reliable momentum gauge. Here are key levels to watch
CoinDesk·
60-second summary
Bitcoin's long-term MACD has just flipped bullish, indicating a potential uptrend. This smoother momentum gauge is a reliable indicator, suggesting more upside is ahead. Key levels to watch include the 50-day moving average at $24,500 and the 200-day moving average at $28,500, which will decide if the bounce turns into a full-fledged uptrend, boosting investor confidence.
A smoother long-term MACD just flipped bullish, pointing to more upside. Here are key levels that will decide if the ongoing bounce turns into a full blown uptrend.