A
bitcoin
indicator
that
warned
of
seller
exhaustion
in
early
September
has
flipped
bullish,
bolstering
the
case
for
a
move
above
$70,000.
The
moving
average
convergence
divergence
(MACD)
histogram,
a
technical
analysis
indicator
used
to
gauge
trend
strength
and
changes,
has
flipped
positive
on
the
weekly
chart
for
the
first
time
since
April,
according
to
charting
platform
TradingView.
It
signifies
a
renewed
upward
shift
in
momentum,
implying
a
bullish
resolution
to
bitcoin’s
prolonged
back
and
forth
trading
between
$50,000
and
$70,000.