A longer-term MACD histogram for bitcoin has crossed above zero, a technical signal CoinDesk said points to improving momentum after BTC’s recent move above $64,000. Traders are now watching resistance around $65,434, $67,292, $71,147 and the $80,000 options strike.
A longer-term MACD histogram for bitcoin has crossed above zero, a technical signal CoinDesk said points to improving momentum after BTC’s recent move above $64,000. Traders are now watching resistance around $65,434, $67,292, $71,147 and the $80,000 options strike.
Key price levels are now in focus. The first is the 50-day simple moving average near $65,434, followed by the mid-June high at $67,292. A move through those areas would show buyers are overcoming zones where selling pressure previously appeared.
Bitcoin has received a bullish signal from a longer-term version of the moving average convergence divergence, or MACD, histogram, according to CoinDesk. The indicator has crossed above zero as BTC trades just above $64,000 and posts a monthly gain of nearly 10%, suggesting the recent rebound may have more room to extend.
The development matters because the MACD is widely used to assess trend direction and momentum. CoinDesk noted that this smoother version, based on 50-day, 100-day and 9-day settings, is designed to reduce short-term noise compared with standard MACD parameters, giving traders a clearer view of longer-term momentum.
The signal is not being treated as confirmation of a full new uptrend on its own. CoinDesk said traders typically avoid relying on a single indicator, but added that this version has been useful in recent months: bearish crossovers aligned with sharper declines, while bullish crossovers came before recovery rallies including the December-January and February-May rebounds.
Key price levels are now in focus. The first is the 50-day simple moving average near $65,434, followed by the mid-June high at $67,292. A move through those areas would show buyers are overcoming zones where selling pressure previously appeared.
The larger test is the 200-day moving average near $71,147, which CoinDesk described as a major long-term trend marker and a resistance level that capped an earlier bounce in May. Another area to watch is $80,000, where Deribit options open interest is above $1.21 billion, the highest of any strike on the exchange, potentially adding volatility if spot prices move closer to that level.
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