Bullish signal suggests the bottom is in for bitcoin, says technical analyst48

A trading indicator in the bitcoin markets suggests the bottom is in, according to one technical analyst. The two-week MACD of bitcoin crossed into a buy signal on Apr. 1st, the first time since May 11th, 2015, the bottom of the market before it exploded in 2016-2017.

Technical analyst Crypto Thies recently tweeted on Apr. 16 his organization entered into a position on bitcoin when the price was $4,000. His reasoning: bullish signals from two-week MACD.

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