Prominent Analyst Dave the Wave Foresees a Bitcoin Uptrend

Famous anonymous cryptocurrency analyst Dave the Wave has stated that a crucial Bitcoin (BTC) metric indicates that the cryptocurrency with the largest market capitalization is officially on the recovery path, thus he expects an uptrend. Analyst’s Eye on Trend Reversal Indicator MACD The anonymous cryptocurrency analyst, Dave the Wave, noted that Bitcoin’s monthly Moving Average Convergence Divergence (MACD) indicator is now signaling a long-term rise, stating: If the MACD indicator on the monthly price chart marked the peak of the market at the end of 2021, a period when most people were still suffering from excessive bullishness, and this was confirmed with subsequent price movements, wouldn’t this add extra weight or validity to the metric indicating a recovery in price towards higher prices (although unconfirmed yet)? The MACD indicator that led the analyst to expect an upswing in Bitcoin is a momentum indicator that investors use to track potential trend […] The post Prominent Analyst Dave the Wave Foresees a Bitcoin Uptrend appeared first on COINTURK NEWS.