New bullish movement in progress?
The price is marking new highs relating to the intermediate period, this macd, as I have written several times, is configured for the intermediate period (approximately 3 months). At this moment the indicator is marking new highs compared to those made in December 2023, so it is telling us good news, because this in progress could be a new bullish "leg", a new intermediate cycle or a swing, call it what you want . The important thing is that price and indicator agree on the rise that has everything, volatility and directionality, the buyers popped up immediately, with every weakness in the price, many BTC are bought and the halving is very close. I remember that the latter is already discounted in the price, what is not discounted is as long as there is an accumulation by large funds via ETFs, at this moment the expectation on Bitcoin remains high. Confirmation that the correction is over and that we are in a new bullish cycle can be given by a maximum relating to the intermediate period after March 9th.
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