BlockBeats reports that on May 14, Coindesk analyst Omkar Godbole stated that the Bitcoin weekly MACD histogram has broken through the zero line, indicating a resurgence of bullish momentum. This bullish signal coincides with Bitcoin bouncing off the 50-week simple moving average (SMA), similar to the trends seen in mid-2024 and early 2023—during which BTC subsequently experienced significant gains.
Analysts indicate that the MACD entered positive territory five times in the past five years, with only one false signal occurring in March 2022 (circled in the figure), leading bulls to misjudge the market direction.
