Bitcoin Long-Term MACD Turns Bullish Above $64K
The post Bitcoin Long-Term MACD Turns Bullish Above $64K appeared on BitcoinEthereumNews.com. Bitcoin News Bitcoin (BTC) has flipped a closely watched momentum gauge bullish, with its long-term MACD histogram crossing above the zero line for the first time in months. The move follows a roughly 10% rally through July that pushed the leading cryptocurrency back above $64,000. The Moving Average Convergence Divergence indicator, which measures the relationship between two price averages, turning positive is widely read as a shift from seller control toward renewed buying pressure. Our reading of the recovery suggests the bounce may be more than a short-lived relief move, though a positive crossover alone does not confirm a new trend for Bitcoin without follow-through above key levels. The technical setup hinges on a cluster of resistance levels that bulls must reclaim to validate the signal. The first hurdle sits near $65,434, where the 50-day simple moving average currently rests. Above