CandleFocus Top Analyst Says One Indicator Consistently Flashing Bull Market Signals for Bitcoin (BTC)
2024-10-24
Author: Content Editor
The crypto analyst known as Dave the Wave believes that Bitcoin is showing bullish signals as its weekly moving average convergence divergence (MACD) indicator has crossed and rebooted near the zero-line. He also points out that the monthly MACD has consistently signaled bull markets for Bitcoin in the past. Additionally, Dave suggests that Bitcoin's previous resistance at $67,000 could become support. However, at the time of writing, Bitcoin is trading below this level at $66,619, down nearly 2% in the past 24 hours. Dave also mentions that Dogecoin (DOGE) may be forming a bullish ascending triangle pattern and could soon break through resistance, potentially reaching the $0.20 range and even rallying close to its all-time high of $0.73. Currently, DOGE is trading at $0.139.
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