🅱️ Bitcoin Monthly First Ever MACD Signal + Not Seen Since 2015

2 нояб. 2023 г.

The best month since January 2023 was October with Bitcoin appreciating by a good 28.51%, 39.95% is the best month so far this year.

January was just the start and February, March and April all closed green.
Bitcoin monthly consolidated above EMA50 and we are now in new bullish territory as November starts.

Last month Bitcoin broke to hit the highest level to the upside since January 2021.
It is the first time that Bitcoin moves and closes monthly above ~31,800 since the major bear market crash after the November 2021 All-Time High.

👉 Quite the unique situation we have going with the MACD, something not seen since late 2015, that's a long eight years.


➖ In June 2023 Bitcoin's monthly MACD produced the first ever bullish cross below zero.
➖ In November 2023, just now, Bitcoin went bullish on the MACD after being below zero (bearish) for an entire year, 365 days.

What happened after late 2015 when the same signal showed up?
Don't worry I'll tell you.

👉 Bitcoin grew from a low of 162 in August 2015 to a high of 19804 in December 2017 or a nice 12,124.85%, see the chart:

I am not saying the same will happen now, just saying the chart looks great.

Hitting above 40,000 seems pretty easy actually... What's your pick for the next target?
Leave a comment if you want to know mine.

Namaste.