Why This Indicator Points to a New Bitcoin Bull Run – Top Analyst

Popular crypto analyst Mags, who has 37,000 followers on Twitter, posted an intriguing prediction about a potential new Bitcoin bull run.

He pointed to the MACD (Moving Average Convergence Divergence) indicator, which recently had a strong bullish cross below the zero line on Bitcoin’s price chart.

As Mags explained, this is only the second time the MACD has crossed bullish below zero in Bitcoin’s history. The first time was in 2016, right before Bitcoin entered a major multi-year bull run that took it from under $1,000 to nearly $20,000.

The MACD is considered a lagging indicator, meaning it follows price action rather than predicting it. However, Mags believes strong crosses on the MACD can signal major high timeframe trend changes in Bitcoin’s market cycles. Even though Bitcoin is currently trading sideways around $27,000, he thinks this MACD cross suggests a new bull run is ahead.

Mags noted short-term price fluctuations are normal and expects Bitcoin may continue to move sideways or even drop slightly in the near-term. However, he believes the MACD cross indicates the next major bull run is brewing under the surface. If history repeats, Bitcoin could see substantial gains over the next couple years following this MACD signal.

Of course, no indicator is foolproof for predicting Bitcoin’s volatile market. But the MACD has a track record of identifying big trend changes. If Mags’ analysis is correct, a slow accumulation period here could lead to fireworks ahead for Bitcoin holders. We’ll have to wait and see if he’s right about a new bull run liftoff based on this latest MACD cross.

Check $RECQ Meme Coin

Sponsored: Invest Responsibly, Do Your Own Research.
Serves as the base currency for all transactions within the Rebel Satoshi platform
ICO stage, offering tokens at a discounted price
Facilitates a smooth and efficient economy within the arcade, supporting both arcade and in-game transactions.
Grants access to a diverse range of gaming experiences in the Rebel Satoshi Arcade,
Contributes to a decentralized, community-driven RebelSatoshi platform that integrates gaming with elements of revolution, freedom, and unity, appealing to users who value such principles.
intelligent crypto
How are  regular people making returns of as much as 70% in a year with no risk?  By properly setting up a FREE Pionex grid bot - click the button to learn more.
Crypto arbitrage still works like a charm, if you do it right! Check out Alphador, leading crypto arbitrage bot to learn the best way of doing it.


Sarah Wurfel
Sarah Wurfel

Sarah Wurfel works as a social media editor for CaptainAltcoin and specializes in the production of videos and video reports. She studied media and communication informatics. Sarah has been a big fan of the revolutionary potential of crypto currencies for years and accordingly also concentrated on the areas of IT security and cryptography in her studies.