Bitcoin's long-term MACD indicator has crossed above the zero line, signaling a potential continuation of the recent rally past $64,000, according to CoinDesk. This indicator, which uses longer-term parameters to filter out short-term noise, accurately signaled both the decline from the $126,000 historical high and subsequent rebounds. Analysts highlight three key resistance levels: the 50-day moving average at approximately $65,434, the mid-June high of $67,292, and the 200-day moving average at around $71,147. Breaking the 200-day moving average is seen as a critical confirmation of a full bullish trend.
Additionally, in the Deribit options market, the $80,000 strike price has the highest nominal value of open interest, exceeding $1.21 billion, indicating significant market interest at this level.
Bitcoin's Long-Term MACD Indicator Signals Bullish Trend
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