Bitcoin's 200 Thousand Dollar Probability: Green Light for Bear-Bull Transition! - Koin Bulletin

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According to CoinDesk analyst Omkar Godbole, the MACD histogram, a critical momentum indicator for Bitcoin, has crossed back into positive territory, supporting predictions that the price could rise to the range of $140,000 to $200,000.

The MACD histogram, a momentum indicator with a successful track record in predicting price movements in the crypto markets, has given an important bullish signal for Bitcoin. This technical indicator measures the difference between the Moving Average Convergence Divergence (MACD) line, which is popular among investors, and its signal line. The MACD line is calculated by subtracting the 26-day EMA from the 12-day exponential moving average of the asset, while the signal line consists of the 9-day EMA of the MACD line.

In his latest analysis, Godbole regarded the MACD histogram moving into the positive territory as a "sign of the transition from a bear market to a bull market." Godbole emphasized that in previous periods when this indicator moved into the positive territory, the price of Bitcoin experienced significant increases.

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The Bitcoin price recently bounced off the 50-week simple moving average on weekly charts, repeating similar movements from mid-2024 and early 2023. In the past, after the MACD histogram moved into the positive territory in this way, Bitcoin had surpassed the $70,000 level and reached all-time highs in a short period.

Although the MACD histogram has crossed into the positive zone five times in the last five years, only one of these, on ( March 2022, gave a false signal, misleading investors. Therefore, the current indicator is stated to be extremely critical for investors.