A veteran trader with a history of Bitcoin bias says the main indicator is exposure BTC he is on the ground.
Dave the Wave they tell us His followers 188,700 on X that Bitcoin has moved the average convergence divergence (MACD) indicator It seems that the creation of a similar 2022 model that caused a lot of rest.
MACD is a technical indicator that tracks the combination and divergence of moving averages to assess stock trends and trends and point to areas for potential reversals.
“Although I usually focus on the weekly MACD, I find this chart interesting.” In order to find the daily MACD of recent lows, we have to go back to the big retracement of 2022. This suggests that we are also repeating the pattern. playing outside, down and inside.”
The expert also shares a monthly Bitcoin chart and predicts BTC price volatility will continue to decline.
“On the weekly chart, we see the same pattern in a very limited way, and it also shows a very mature technical market in my opinion. The MACD now does not reach a low because of the reduction of the great volatility in the price, or, in other words, the increase in the stability of the prices. Remember that in the lines of the LGC model (Logarithmic Growth Curve), it is a process of increasing when the price is low. Immobility on both sides, it can increase while BTC (another currency / gold of digital) is known by the market and that is why the MACD in the long time frames should not be too low or too low.
Bitcoin is trading at $65,826 at the time of writing, flat on the day.
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