Bitcoin Weekly MACD Crosses Bullish Again as BTC Breaks Out of Multi-Month Consolidation?

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  • Bitcoin weekly MACD crosses bullish once again. 
  • BTC breaks out of a multi-month consolidation.
  • Analyst expect Bitcoin (BTC) to set a new ATH soon.

Bitcoin reclaims the $67,000 price range and reignites positive sentiment for heavily bullish movement in Q4 for the crypto market. The pioneer crypto asset continues to print more bullish signals on its price chart signaling possibilities for a $100,000 to $150,000 ATH by the end of Q4. 

https://twitter.com/CryptoBullet1/status/1849043259604996374

Bitcoin Weekly MACD Crosses Bullish Again

Presently, one crypto analyst notices a bullish pattern being formed on the Bitcoin (BTC) price chart. As we can see from the post above, this crypto analyst sees that the Bitcoin weekly MACD has crossed bullish for the first time since October 2023. He then goes on to mention how this chart reminds him a lot of 2021. 

In detail, the analyst marks how the same Vertical Rally (MACD peaked) in 2021 and went on to be followed by a painful Mid Term Correction. However, this time the analyst doesn’t expect the correction to be as deep as it took a long time for the pattern to form. 

Bitcoin Breaks Out of Multi-Month Consolidation 

For now, he says that BTC is breaking out of that multi-month consolidation as the Bitcoin (BTC) MACD crosses bullish again. Thus, in his opinion, what we will likely see next is a new all-time high (ATH) for BTC price as well as a Lower High on MACD, as depicted in the second image on the post above.

So far, several reputed Bitcoin and crypto analysts predict that BTC to set an ATH in Q4 alone. These ATH expectations lie from $100,000 to $150,000. Furthermore, price predictions for BTC during the bull cycle top place the asset between $220,000 to $550,000, all incredibly bullish targets. 

The post Bitcoin Weekly MACD Crosses Bullish Again as BTC Breaks Out of Multi-Month Consolidation? appeared first on Crypto News Land.

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