Crypto
Home›Crypto›Bitcoin›Bitcoin’s long-term MACD histogram turns bullish as pr…
Bitcoin’s long-term MACD histogram turns bullish as price nears $64,000
A longer, smoother MACD histogram crossing above zero suggests bitcoin’s momentum has turned positive again, with resistance likely clustered between $65,000 and $80,000.
CoinDesk reports bitcoin’s longer-term momentum has shifted as a smoother version of the MACD histogram flipped bullish, crossing above zero. The outlet links the signal to a potential continuation of the existing bounce rather than a quick fade.
The article says bitcoin was trading just above $64,000, after the digital asset’s rally pushed it back above the $64,000 level cited in the piece. It also notes bitcoin is up nearly 10% for the month and that levels above $70,000 have recently capped gains.
CoinDesk explains the standard MACD can produce short-term flip-flops, so traders often use longer parameters like 50-day and 100-day averages with a 9-day signal line to reduce noise. With that longer, smoother setup now positive, the focus shifts to nearby resistance.
The piece points to key resistance levels between $65,000 and $80,000 as the area that will decide whether the bounce matures into a broader uptrend. It adds that confirmation would still be needed, since the indicator is framed as a momentum gauge rather than a standalone guarantee of a new sustained trend.
Latest closeBitcoin $81,906.63 ▼1.4%