Convergence

Based

bullish

Strong

Propel

<ul>
 <li><strong>BTC’s MACD is about to cross bullishly on the 5-day chart, its first in 230 days.</strong></li>  
 <li><strong>Historical movements show that previous bullish MACD crossovers resulted in BTC price gains of 79% and 74%.</strong></li>  
 <li><strong>If this repeats, BTC could possibly surge over $100,000, pushed by positive indicators.</strong></li> 
</ul>  
<p>Bitcoin is at the point of a central technical event that could lead to price action. For the first time in 230 days, the Moving Average Convergence Divergence (MACD) on the 5-day chart is set to make a bullish crossover.</p>  
<h2 class="wp-block-heading" id="h-macd-bullish-crossover-a-strong-indicator-and-historical-context">MACD Bullish Crossover: A Strong Indicator and Historical Context</h2>  
<p>The MACD is a widely followed technical indicator used by traders to gauge the strength and direction of price momentum. <a href="https://cryptonewsland.com/bitcoins-next-bull-market-could-peak-by-late-2025-says-crypto-analyst/" target="_blank" rel="noopener noreferrer nofollow">A bullish crossover</a> occurs when the MACD line crosses above the signal line, indicating that positive momentum is building. This particular crossover on the 5-day chart is important because notable price increases followed the last two instances of this pattern as noted by Bitcoin Archive.&nbsp;</p>  
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  https://twitter.com/BTC_Archive/status/1838939639119286312
 </div>
</figure>  
<p>Historically, this signal has foregone notable upward movements in Bitcoin's price. Based on past performance, similar events resulted in gains of 79% and 74%, respectively. If this trend repeats, Bitcoin could potentially break past the $100,000 mark.</p>  
<h2 class="wp-block-heading" id="h-potential-for-bitcoin-to-surpass-100k-and-market-activity">Potential for Bitcoin to Surpass $100K and Market Activity</h2>  
<p>Given BTC's earlier responses to MACD crossovers, the possibility of <a href="https://cryptonewsland.com/is-the-bull-run-coming-bitcoins-fight-against-resistance-and-economic-headwinds/" target="_blank" rel="noopener noreferrer nofollow">BTC reaching $100,000 </a>may be possible if the same price movements are repeated. The cryptocurrency market has historically been influenced by technical signals, and a similar move could push Bitcoin to new ATH. With the current price approaching far below this level, a 70-80% increase would easily move Bitcoin past the six-figure mark.</p>  
<p>Bitcoin’s current market status trades with a price of $63,471.04, recording a decrease of 1.46% over the last 24 hours. Bitcoin's market capitalization stands at $1.25 trillion, a decrease of 1.42%. The 24-hour trading volume has reached $24.85 billion, showing a notable drop of 15%. The volume-to-market-cap ratio is 1.98%, indicating the level of trading activity relative to its market capitalization.<br><a href="https://coinmarketcap.com/currencies/bitcoin/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin’s price movement</a> within the past day shows fluctuations with an initial price close to $64.39K before falling to levels below $63.00K at some points. After the decline, a slight recovery was observed as the price reached the current value of $63.47K. The market movements appear to have a downward slope, followed by a periodic rise at the time of writing.</p> 
<p>The post <a href="https://cryptonewsland.com/bitcoins-macd-bullish-crossover-nears-could-propel-price-above-100k/" rel="noopener noreferrer nofollow">Bitcoin’s MACD Bullish Crossover Nears, Could Propel Price Above $100K?&nbsp;</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Bitcoin’s MACD Bullish Crossover Nears, Could Propel Price Above $100K?

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