MACD Histogram Turns Positive on Weekly Chart, Signaling Upward Momentum

Quick Summary:

MACD Histogram Turns Positive on Weekly Chart, Signaling Upward Momentum In a promising development for Bitcoin enthusiasts and investors, the Moving Average Convergence Divergence (MACD) histogram for Bitcoin (BTC) has turned positive on the weekly chart for the first time since April.

For traders employing technical analysis, the positive MACD histogram serves as a confirmation for long positions.

This marks the first time since April that the histogram has been in positive territory, signaling a potential shift towards bullish momentum.

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Article Details

Author / Journalist: Sonam Aggarwal

Category: Crypto

Markets: India

Topics: MACD Histogram Crypto News

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-21 @ 04:23:51 (15 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 733 words

Reading Time: 5 minutes read

Sentences: 42 lines

Sentence Length: 18 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BitcoinWorld

News ID: 23147169

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About BitcoinWorld

Main Topics: Crypto

Official Website: bitcoinworld.co.in

Update Frequency: 9 posts per day

Year Established: 2020

Headquarters: India

News Last Updated: 8 hours ago

Coverage Areas: India

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Publisher ID: #121

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