{"id":422025,"date":"2020-04-27T17:30:50","date_gmt":"2020-04-27T17:30:50","guid":{"rendered":"https:\/\/wncen.com\/?p=422025"},"modified":"2020-04-27T17:13:22","modified_gmt":"2020-04-27T17:13:22","slug":"this-long-term-momentum-indicator-is-about-to-flip-bullish-on-bitcoin","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/this-long-term-momentum-indicator-is-about-to-flip-bullish-on-bitcoin\/","title":{"rendered":"This Long-Term Momentum Indicator Is About to Flip Bullish on Bitcoin"},"content":{"rendered":"<p><a href=\"\/tag\/bitcoin-price\" rel=\"nofollow\">Bitcoin price<\/a> has been in a downtrend for nearly two years now, with only a short-lived rally in Q2 2019 giving crypto investors a break from the bear market.<\/p>\n<p>However, a long-term momentum indicator is about to flip bullish on Bitcoin price charts, and it could signal that a major trend change is about to take place.<\/p>\n<h2>Bitcoin Sell Momentum Waning, Indicators About to Flip Bullish on Crypto<\/h2>\n<p><a href=\"\/tag\/bitcoin-price\" rel=\"nofollow\">Bitcoin price<\/a> is at a critical moment. Although it seems like each and every other week a crypto journalist, analyst, or influencer says the same thing, yet there&#8217;s never been a more important moment for the first-ever cryptocurrency.<\/p>\n<p>The asset has spent over two years in a bear market, after reaching a peak price of $20,000 in December 2017. Since then, it&#8217;s been pretty much a downward trajectory since \u2013 outside of a short deviation in early to mid-2019.<\/p>\n<p style=\"text-align: center\"><em><strong>Related Reading | <a href=\"https:\/\/wncen.com\/2020\/04\/24\/massive-bitcoin-miner-capitulation-could-act-as-launchpad-for-bull-market\/\">Massive Bitcoin Miner Capitulation Could Act As Launchpad For Bull Market\u00a0<\/a><\/strong><\/em><\/p>\n<p>After continued selloff, nearly half of the crypto asset&#8217;s limited supply has yet to move in over two years, potentially suggesting that there&#8217;s very few investors remaining that might sell their Bitcoin. The theory is, that they&#8217;ve had over two years of a downtrend to do so, and if they haven&#8217;t yet, those hands are likely to strong to shake out.<\/p>\n<p>And if the recent Black Thursday collapse didn&#8217;t shake out even the strongest of hands \u2013 there&#8217;s a chance that nothing will.<\/p>\n<p>Further adding to the bullish potential, is the asset&#8217;s halving in just three weeks.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">MACD in bull territory\/ above the zero line [has hardly ever left it]. About to also re-cross the signal line bullishly&#8230; <a href=\"https:\/\/t.co\/7BsCtQ8XjG\" rel=\"nofollow\">pic.twitter.com\/7BsCtQ8XjG<\/a><\/p>\n<p>&mdash; dave the wave\ud83c\udf0a\ud83c\udf13 (@davthewave) <a href=\"https:\/\/twitter.com\/davthewave\/status\/10419712?ref_src=twsrc%5Etfw\" rel=\"nofollow\">April 27, 2020<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2>MACD Signals Bull Market May Be Ahead, But Bullish Crossover Is Necessary<\/h2>\n<p>Further backing up this theory that the sustained selloff is running out of steam, and that buyers will soon outweigh sellers and cause prices to mark up following the halving, is the MACD indicator on monthly timeframes.<\/p>\n<p>The <a href=\"https:\/\/www.investopedia.com\/terms\/m\/macd.asp\" target=\"_blank\" rel=\"noopener nofollow\">Moving Average Convergence Divergence<\/a> indicator is a long-term momentum-following indicator, that can tip traders and analysts off as to when a major trend change is about to occur.<\/p>\n<p>At Bitcoin&#8217;s all-time high, the rejection caused the MACD to begin to roll over, with a bearish crossover of the two MACD lines occurring in early 2018, jump-starting the bear market.<\/p>\n<p>After <a href=\"\/tag\/bitcoin-price\" rel=\"nofollow\">Bitcoin price<\/a> bottomed, months later, the lagging indicator turned back up, until BTC topped out once again at $14,000 and the MACD crossed back bearish once again.<\/p>\n<p>Now, after all this time suffering price decline, the MACD is curling up once again, and a bullish crossover could be a signal that a new bull market is forming for Bitcoin.<\/p>\n<p style=\"text-align: center\"><em><strong>Related Reading | <a href=\"https:\/\/wncen.com\/2020\/04\/22\/number-of-bitcoin-whales-hits-previous-pre-bull-run-level\/\">Number of Bitcoin Whales Hits Previous Pre-Bull Run Level<\/a><\/strong><\/em><\/p>\n<p>The MACD, however, is considered a lagging indicator, and while the upward momentum is certainly visible, it could be present from the early 2020 rally that took the cryptocurrency to over $10,000 before falling once again to extreme lows under $4,000.<\/p>\n<p>If the MACD continues to rise, it&#8217;s back to a bull market for crypto. However, much like the indicator eventually turned back down after the 2019 rally, the same thing could happen, pushing BTC into its first-ever secular bear market, and to much lower prices.<\/p>\n<pre>Featured image from Pixabay<\/pre>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin price has been in a downtrend for nearly two years now, with only a short-lived rally in Q2 2019 giving crypto investors a break from the bear market. However, a long-term momentum indicator is about to flip bullish on Bitcoin price charts, and it could signal that a major trend change is about to take place. Bitcoin Sell Momentum Waning, Indicators About to Flip Bullish on Crypto Bitcoin price is at a critical moment. Although it seems like each and every other week a crypto journalist, analyst, or influencer says the same thing, yet there&#8217;s never been a more important moment for the first-ever cryptocurrency. The asset has spent over two years in a bear market, after reaching a peak price of $20,000 in December 2017. Since then, it&#8217;s been pretty much a downward trajectory since \u2013 outside of a short deviation in early to mid-2019. Related Reading | Massive Bitcoin Miner Capitulation Could Act As Launchpad For Bull Market\u00a0 After continued selloff, nearly half of the crypto asset&#8217;s limited supply has yet to move in over two years, potentially suggesting that there&#8217;s very few investors remaining that might sell their Bitcoin. The theory is, that they&#8217;ve had over two years of a downtrend to do so, and if they haven&#8217;t yet, those hands are likely to strong to shake out. And if the recent Black Thursday collapse didn&#8217;t shake out even the strongest of hands \u2013 there&#8217;s a chance that nothing will. Further adding to the bullish potential, is the asset&#8217;s halving in just three weeks. MACD in bull territory\/ above the zero line [has hardly ever left it]. About to also re-cross the signal line bullishly&#8230; pic.twitter.com\/7BsCtQ8XjG &mdash; dave the wave\ud83c\udf0a\ud83c\udf13 (@davthewave) April 27, 2020 MACD Signals Bull Market May Be Ahead, But Bullish Crossover Is Necessary Further backing up this theory that the sustained selloff is running out of steam, and that buyers will soon outweigh sellers and cause prices to mark up following the halving, is the MACD indicator on monthly timeframes. The Moving Average Convergence Divergence indicator is a long-term momentum-following indicator, that can tip traders and analysts off as to when a major trend change is about to occur. At Bitcoin&#8217;s all-time high, the rejection caused the MACD to begin to roll over, with a bearish crossover of the two MACD lines occurring in early 2018, jump-starting the bear market. After Bitcoin price bottomed, months later, the lagging indicator turned back up, until BTC topped out once again at $14,000 and the MACD crossed back bearish once again. Now, after all this time suffering price decline, the MACD is curling up once again, and a bullish crossover could be a signal that a new bull market is forming for Bitcoin. Related Reading | Number of Bitcoin Whales Hits Previous Pre-Bull Run Level The MACD, however, is considered a lagging indicator, and while the upward momentum is certainly visible, it could be present from the early 2020 rally that took the cryptocurrency to over $10,000 before falling once again to extreme lows under $4,000. If the MACD continues to rise, it&#8217;s back to a bull market for crypto. However, much like the indicator eventually turned back down after the 2019 rally, the same thing could happen, pushing BTC into its first-ever secular bear market, and to much lower prices. Featured image from Pixabay<\/p>\n","protected":false},"author":517,"featured_media":422031,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5651,3],"tags":[428,679,1144,2849],"class_list":["post-422025","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","category-news","tag-bitcoin","tag-bitcoin-price","tag-btcusd","tag-macd"],"acf":[],"yoast_head":"\n<title>This Long-Term Momentum Indicator Is About to Flip Bullish on Bitcoin<\/title>\n<meta name=\"description\" content=\"Bitcoin price has been in a downtrend for nearly two years now, with only a short-lived rally in Q2 2019 giving crypto investors a break from the bear\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wncen.com\/news\/this-long-term-momentum-indicator-is-about-to-flip-bullish-on-bitcoin\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"This Long-Term Momentum Indicator Is About to Flip Bullish on Bitcoin\" \/>\n<meta property=\"og:description\" content=\"Bitcoin price has been in a downtrend for nearly two years now, with only a short-lived rally in Q2 2019 giving crypto investors a break from the bear\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wncen.com\/news\/this-long-term-momentum-indicator-is-about-to-flip-bullish-on-bitcoin\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2020-04-27T17:30:50+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-04-27T17:13:22+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/04\/bitcoin-price-pendulum-1934311_1920.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1177\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Tony &quot;El Toro&quot; 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The platform offers a range of learning tools and resources designed to empower traders with the knowledge to make informed trading decisions. In addition to his educational initiatives, Tony is a prolific author and a dominant voice in the crypto community. He writes the CoinChartist VIP newsletter, a weekly dispatch that has become a staple among crypto enthusiasts, revered for its insightful analysis and actionable trading advice. This newsletter has consistently ranked as a best-seller on SubStack, boasting thousands of subscribers who rely on Tony\u2019s expertise to guide their trading strategies. Tony is also celebrated for his literary contributions to the field. He is the author of the highest-rated Crypto Trading Journal on Amazon.com, a testament to his ability to communicate complex trading concepts in an accessible manner. This journal is widely regarded as an essential tool for traders aiming to track their progress and refine their strategies. 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