Key Technical Indicator Shows Bitcoin Price Poised for ‘Santa Claus Rally’22.04

The crypto market continues to endure a difficult 2018 after increasing posting astronomical gains in 2017. However, signs are beginning to emerge that Bitcoin price may set for another rally before 2019.

According to Bloomberg, the Moving Average Convergence Divergence (MACD) for the Bloomberg Galaxy Digital Index is currently in positive divergence territory. This occurrence, pictured in the company’s chart shown below is the first of its kind in over a month.

Original source
https://bitcoinist.com/bitcoin-price-santa-rally-macd/

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