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Bitcoin: Signal That Preceded Two 60% BTC Rallies is Forming

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Bitcoin Bulls Ready to Run

Bitcoin (BTC) bulls are poised to break out of the gates.

As noted by prominent analyst Joe McCann, the one-day Moving Average Convergence Divergence (MACD), an indicator meant to determine momentum and trends, is about to see a bullish crossover on Bitcoin’s one-day chart. This will see the blue line, the 12-Period EMA − 26-Period EMA, cross above the signal line.

As McCann points out in the chart above, the last two times that the one-day Bitcoin chart saw this series of ...

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