BTC/USD MACD flipped on weekly

31 Oca 2020

On January 21, we noted that Lucid SAR indicator made a strong bull signal on a weekly chart and it has since went up 10%. Now, another indicator turned bullish on a weekly time frame, suggesting a further growth: MACD just flipped to the green side. If the bulls continue to prevail, we might see BTC reaching 50% Fibonacci Retracement level at around $10,150. In case of fall back, it is likely the price to be supported by a 20 weekly moving average.