BITCOIN BULLISH INDICATOR POINTS TO BREAKOUT ABOVE $70K
Bitcoin's momentum is turning bullish, as its MACD indicator flips positive for the first time since April, signaling potential for a breakout above $70,000. This same indicator preceded major rallies in 2022 and 2023.
Currently trading near $69,500, Bitcoin has surged 30% since early September. Analysts believe macro factors like possible U.S. Fed rate cuts and pro-crypto sentiment could push BTC toward $100,000 by year-end.
The MACD, which tracks price momentum, has historically marked shifts before major price increases, and now it's pointing to another potential rally.
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