Traders typically do not rely on a single indicator to determine market trends. But this particular MACD has proven reliable as a stand-alone gauge through the price crash from the record high of $126,000. Since October, negative crossovers have reliably marked the start of steeper declines, while positive crossovers have preceded meaningful recoveries — including the December-January bounce and the February-May bounce.
The latest bullish crossover therefore points to a notable jump ahead, but not necessarily the start of a brand new uptrend. The bigger move would require more confirmation, which is why the key resistance levels below are now in focus.
Key levels ahead
The first level to watch is the 50-day simple moving average, currently around $65,434. This is simply the average bitcoin price over the past 50 days (roughly two months).
Traders in both crypto markets and traditional markets follow this line closely to gauge short-term momentum. A clear move above it is often seen as a sign that upside strength is building.
The other key level is $67,292, which was the high in mid-June. This is where bitcoin staged a brief recovery from early June lows near $60,000, only for sellers to step in aggressively. That resistance turned the price back down. Breaking above $67,292 would be another win for buyers, showing that they have overcome the previous area of strong selling pressure.
