On longer time frames, the weekly chart has become a source of hope for Bitcoin bulls this week. The weekly close reclaimed the 200-week exponential moving average (EMA) trend line, but more than that, a classic BTC price metric is about to produce a key bull signal. On a weekly basis, the moving average convergence/divergence (MACD) hinted that Bitcoin’s latest downtrend is in the process of reversing. “​​Holding this level is crucial for the entire Crypto industry,” X commentator Crypto Seth argued on Monday, noting that Ether (ETH) was also due an MACD cross.Bitcoin’s last bullish weekly MACD flip occurred in ... (full story)