Bitcoin Indicator Signals Potential Bullish Trend, Analyst Suggests
- Analyst Dave the Wave notes Bitcoin’s LMACD histogram indicator is strengthening.
- The histogram shows first signs of bullish momentum in 18 weeks.
- Bitcoin’s weekly MACD has remained above zero since February 2023.
- The BTC/gold ratio may have peaked, suggesting Bitcoin could outperform gold.
- Bitcoin has been out of the “buy zone” since it was last at $40,000.
According to analyst Dave the Wave, Bitcoin’s LMACD histogram is showing signs of strengthening for the first time in over four months, suggesting a potential market rally. Additionally, Bitcoin remains above its logarithmic growth curve “buy zone,” with current trading around $84,459.
Source (2.6)https://dailyhodl.com/2025/04/15/bitcoin-indicator-flashing-bullish-for-first-time-in-18-weeks-says-analyst-who-called-may-2021-crypto-collapse/?rand=59076
