Bitcoin just triggered a new powerful signal not seen for 3 years. Bitcoin going up by just over 25% in January 2023 has managed to trigger a technical signal on the 2-week timeframe. This is the MACD on the 2-week of chart of bitcoin. Histotically, when a MACD positive crossover signal occurs on bitcoin, this has been a bullish sign for the crypto. It has led to multi-week and multi-month rallies - for example when this signal occurred in the years 2012, 2015 and 2020. So what this could mean for bitcoin now? Is BTC about to stage a further rally in 2023? We look at the charts. Video by Alessio Rastani.
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