This Bitcoin Pattern Could Repeat Itself, But The Bottom Could Lie Below $50,000
Bitcoin is showing a monthly momentum signal that has appeared near several major cycle lows, which raises the possibility that the current correction is entering its final stage. The setup is based on the monthly logarithmic MACD histogram, where previous Bitcoin bottoms formed only when the red bars began fading for at least two straight months. The same signal may now be forming again, but there is one important catch. Bitcoin MACD Repeating Bottom Pattern The technical outlook in question is based on the monthly candlestick timeframe chart, but May has not closed yet, and Bitcoin is still trading in a fragile zone below $76,000 after failing to hold above the $80,000 region, which it broke above earlier in the month. Technical analysis done by crypto analyst Washigorira focuses on a simple but historically significant feature that involves two consecutive lighter red bars on Bitcoin’s monthly logarithmic MACD histogram. In past cycles, the darker red histogram bars showed expandin