Although Bitcoin (BTC) has been trading largely sideways, with minimal volatility in the past several days, some indicators point to the possibility of a massive bull run in the following months, perhaps even to a new all-time high (ATH) for the maiden cryptocurrency.
Specifically, the moving average convergence divergence (MACD) indicator for Bitcoin has been demonstrating the same behavior as in September and October 2020, which back then preceded an ATH in the next half year, according to the observations shared by pseudonymous crypto analyst Trader Tardigrade on August 14.
Bullish run possibility
As the expert explained, the “MACD and the signal line are now twisting after MACD turning head up and passing above zero,” suggesting that Bitcoin could start a massive bull run that could not just break its previous record but peak in the zone at around $145,000.
Bitcoin MACD analysis. Source: Trader Tardigrade
This analysis goes in hand with that of another pseudonymous crypto tradi
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