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Analyst: The weekly MACD trend of Bitcoin indicates that the price may experience a significant rise.
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 rebounding from the 50-week Simple Moving Average (SMA), reminiscent of the trends in mid-2024 and early 2023—when BTC subsequently experienced significant pumps. The analyst noted that in 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 long positions to misjudge the market direction.