Analyst: The weekly MACD trend of Bitcoin suggests that the price may experience a significant increase

BlockBeats News: On May 14th, Coindesk analyst Omkar Godbole stated that the weekly MACD bar chart of Bitcoin has broken through the zero axis, indicating a renewed strengthening of bullish momentum. The emergence of this bullish signal coincides with the rebound of Bitcoin from its 50 week simple moving average (SMA), which is similar to the trend in mid-2024 and early 2023, when BTC subsequently experienced a significant increase. Analysts say that MACD has entered the positive zone five times in the past five years, with only one false signal appearing in March 2022 (circled in the chart), leading to bulls misjudging the market direction.