Analyst: BTC weekly MACD trend indicates a resurgence of bullish momentum

ChainCatcher news, according to CoinDesk, analyst Omkar Godbole stated that the Bitcoin weekly MACD histogram has broken above the zero line, indicating a resurgence of bullish momentum.

The appearance of this bullish signal coincides with Bitcoin's rebound from the 50-week simple moving average (SMA), mirroring the trends seen in mid-2024 and early 2023—when BTC subsequently experienced significant increases.

Analysts noted that over the past five years, the MACD has entered positive territory five times, with only one false signal occurring in March 2022 (circled in the chart), leading bulls to misjudge the market direction.