A high timeframe momentum gauge suggests that bitcoin bulls may be preparing to surge sharply higher. For the first time since October 2021, the 4W LMACD is crossing bullish, and BTCUSD must remain bullish for a number of candles in order to confirm the crossover. This might portend a significant shift in momentum and cause a stampede in the cryptocurrency market. The LMACD is the Moving Average Convergence Divergence indicator’s logarithmic variant, which more clearly shows momentum shifts in relation to longer-term price movements. If verified, it would mark the third occurrence since the bear market lows near the zero line. A confirmed bullish crossover of the lagging LMACD indicator from close to the zero line has led to a massive rally.
