In a recent May 13 X post, Jelle, a pseudonymous crypto analyst, suggests that Bitcoin’s recent performance has resulted in a significant reset of important technical indicators, such as the moving average convergence/divergence (MACD). The MACD is a widely used indicator that helps measure the strength and direction of an asset. This reset could potentially lead to a surge in upward momentum for Bitcoin.
Impending Bitcoin Breakout: BTC Price Chart Suggests $56K as the Lowest Point