MACD gives $BTC the slow, steady nod it clearly asked for 📈

Bitcoin's longer-term moving average convergence divergence (MACD) histogram crossed above zero, a development technical analysts point to as evidence that the cryptocurrency's recovery from recent lows has further upside. Bitcoin ($BTC) was trading just above $64,000 at the time of writing, with prices up nearly 10% on the month. The asset has held above $64,000 after dipping toward multi-month lows earlier in 2026.

The MACD is a momentum indicator that oscillates around a zero line, with crossovers above zero typically signaling bullish shifts and crossovers below zero signaling the opposite. Standard 12-26-9 settings often generate short-term noise, prompting many traders to use longer parameters, such as 50-day, 100-day, and 9-day, for a smoother read. It is this smoother version that has now turned positive, suggesting that longer-term momentum is shifting in favor of buyers rather than sellers.

According to Omkar Godbole's reporting, the indicator has proved reliable through the decline from bitcoin's record high of $126,000. Since October, negative crossovers have consistently marked the start of steeper sell-offs, while positive crossovers have preceded meaningful recovery rallies, including the December-January bounce and the February-May bounce. The latest bullish crossover points to a notable bounce ahead, though not necessarily the start of a full-blown new uptrend.

The first resistance level in focus is the 50-day simple moving average, currently near $65,434, which represents the average bitcoin price over the past 50 days. Beyond that, the mid-June high of $67,292 marks a second key hurdle, followed by the $70,000 region that has capped gains in recent months and the $80,000 area where prior recoveries stalled. A decisive move above these levels on sustained volume would be required to confirm a broader trend change.