Analyst Predicts Bullish Trend for Bitcoin Using MACD Indicator
- The Moving Average Convergence Divergence (MACD) indicator suggests Bitcoin’s uptrend may continue.
- Bitcoin’s MACD histogram is trending upward again after a previous weakening phase.
- Bitcoin could potentially rise to $160,000, a more than 47% increase from its current value.
- The current trading range for Bitcoin is between $75,000 and $160,000.
- A market correction might see Bitcoin retest $100,000 as support.
- Bitcoin is currently trading at $108,832, down 1.4% in the last 24 hours.
The MACD indicator shows a bullish trend for Bitcoin, with potential growth to $160,000. Currently trading at $108,832, this represents an increase of over 47% if realized.
Source (2.6)https://dailyhodl.com/2025/05/29/technical-indicator-suggesting-new-bitcoin-bull-market-leg-up-according-to-trader-that-called-2021-crypto-collapse/?rand=59076
