Bitcoin Momentum Indicator Turns Bullish, Supporting $150K-$200K Price Projections

A technical analysis indicates a bullish trend for bitcoin (BTC) following a positive signal from the Moving Average Convergence Divergence (MACD) histogram. Key points include:

• The MACD histogram has flipped bullish, suggesting increased momentum.
• This shift is seen as a buy signal by traders.
• BTC's weekly chart shows the MACD crossing above zero, indicating renewed bullish momentum.
• Historical patterns indicate that similar signals preceded significant price rallies in mid-2024 and early 2023.
• Standard Chartered predicts bitcoin could reach $200K due to institutional adoption.
• Bitfinex analysts forecast BTC may rise to $150K-$180K by 2025-26.

The MACD has provided reliable signals over the past five years, with only one false indication. Current trends are consistent with broader bullish macro outlooks.