According to ChainCatcher, citing CoinDesk, analyst Omkar Godbole stated that the weekly MACD histogram for Bitcoin has crossed the zero axis, indicating a renewed bullish momentum.
This bullish signal coincides with BTC rebounding from the 50-week simple moving average (SMA), which is similar to the trend seen in mid-2024 and early 2023 - when BTC subsequently experienced significant increases.
Analysts noted that in the past five years, the MACD has entered the positive zone five times, with only one false signal in March 2022 (circled in the image), leading to a misinterpretation of market direction by bulls.
