Top Analysts Indicate a Continuous Blinking Indicator as a Bullish Signal for Bitcoin BTC

Coin World News Report:
A top cryptocurrency analyst known for predicting the Bitcoin crash in May 2021 has stated that an indicator is flashing bullish signals for BTC.
The anonymous trader, known as “Wave Dave,” informed his 146,700 followers on social media platform TenX that Bitcoin’s weekly Moving Average Convergence Divergence (MACD) has “crossed back over and reset near the zero line,” which is a bullish signal.
MACD is a momentum indicator used by traders to observe potential trend reversals.
Source: Wave Dave
Wave Dave’s Notes
The monthly MACD has consistently signaled bull markets for Bitcoin throughout its pattern over the years.
Source: Wave Dave
The analyst also suggests that the previous resistance level for Bitcoin, around $67,000, may turn into a support level.
Source: Wave Dave
However, the trading price for BTC is currently lower than the level at the time of writing, falling to $66,619. The top-ranked cryptocurrency asset has experienced a nearly 2% decline in the past 24 hours.
Wave Dave has recently informed his followers that the top meme asset Dogecoin (Shiba Inu) may be forming a bullish ascending triangle within the daily timeframe. If the asset breaks the key resistance level, the triangle pattern is considered bullish.
Based on his charts, the analyst seems to imply that DOGE is consolidating in a broader symmetrical triangle pattern and may soon break through the resistance, potentially putting the memecoin in the $0.20 range. He also seems to suggest that DOGE will rebound to its previous all-time high of nearly $0.73 within this cycle.
At the time of writing, DOGE is trading at $0.139.
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Generated Image: Midjourney