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Why You Should Be Paying Attention To The Bitcoin Monthly MACD

Analyst Merlijn The Trader flags a rare monthly MACD setup on Bitcoin’s chart that historically preceded major bull runs, suggesting a potential long-term bullish momentum shift. While he believes the MACD has flipped to a bullish (“pink”) zone — a common precursor to sustained rallies — the analyst also warns the true market bottom may not yet be in and expects a final leg down before a major breakout from a long-term symmetrical triangle. His chart projects a possible all-time-high path to $209,596 by 2027, with an extended target near $283,500. Market impact: traders should monitor the monthly MACD and triangle breakout for confirmation; if history repeats, Bitcoin could start a prolonged rally after the triangle is cleared.

Category

Bitcoin

Sentiment

Bullish

Event

Technical analysis

Reading time

1 min