Bitcoin’s Narrow Channel Could Trigger Rally After Bullish MACD Cross
Bitcoin’s price has been consolidating within a tight range, oscillating between $83,200 and $85,800. Notably, the Moving Average Convergence Divergence (MACD) indicator recently signaled a bullish crossover. This development has analysts predicting a forthcoming change in momentum. If Bitcoin continues in this channel, traders anticipate that it could spark a rally soon. Monitoring Bitcoin’s movements will be crucial as market sentiment evolves. Investors should be ready to capitalize on potential opportunities stemming from this analysis.