Bitcoin MACD Flips Positive, Signaling Potential Bull Run

Crypto analysts are closely watching Bitcoin's monthly Moving Average Convergence Divergence (MACD) as it signals a potential bullish turnaround. According to Merlijn The Trader, the MACD has flipped into positive territory, a setup that has preceded major bull runs in BTC's history.

The analyst notes that Bitcoin is still in a momentum reset phase, which has occurred three times before, each followed by a massive bull run. In each cycle, the price made lower highs while support held, leading to a breakout that drove the price to new highs.

Merlijn The Trader believes that this setup could lead to a gradual and sustained price rally, with a potential all-time high rally toward $209,596 by 2027. However, he stresses that this move would likely only begin after the cryptocurrency breaks out of its bearish triangle structure.