An accompanying chart showed a prior monthly MACD cross from late 2015 heralding preparations for Bitcoin’s ascent to last cycle’s $20,000 all-time high two years later.
While lower-timeframe MACD crosses can be false alarms,This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
On monthly timeframes, various market observers noted, such a bull flag was inches from confirmation, and should historical patterns repeat, upside should result in the future.
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