Bitcoin x MACD Crossover Analysis
Bitcoin is currently mirroring the 2020-2021 bull run. The chart has formed a double MACD crossover, with the first crossover occurring near the MACD zero line while Bitcoin traded in an accumulation zone. The second crossover led to exponential price growth.
As of now, the 2024 bull run appears to be following a similar trajectory. The first crossover happened last year, and Bitcoin has been consolidating. The second crossover is anticipated in the next 2-6 weeks, potentially signaling another exponential growth phase.
This serves as a warning: we may be on the brink of a massive bull run in the coming months.
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