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Analyst: The Bitcoin weekly MACD trend indicates that the price may experience a significant pump.
BlockBeats news, on May 14, Coindesk analyst Omkar Godbole stated that the Bitcoin weekly MACD histogram has broken above the zero line, indicating a resurgence of bullish momentum. The appearance of this bullish signal coincides with Bitcoin's rebound from the 50-week simple moving average (SMA), which parallels the trends in mid-2024 and early 2023—when BTC subsequently experienced significant pumps. The analyst noted that over the past five years, the MACD has entered the positive territory five times, with only one false signal occurring in March 2022 (circled in the chart), leading long positions to misjudge the market direction.