$BTC

According to BlockBeats, Omkar Godbole, a Coindesk analyst, noted that Bitcoin's weekly MACD indicator has crossed the zero line, indicating a resurgence of bullish momentum. This bullish signal coincides with Bitcoin's rebound from the 50-week simple moving average (SMA), reflecting similar movements observed in mid-2024 and early 2023, which were followed by significant price increases.

The analyst pointed out that over the past five years, the MACD has entered the positive territory five times, with only one false signal in March 2022, leading to a misjudgment of market direction by optimistic traders.