{"id":22539,"date":"2025-04-17T12:01:40","date_gmt":"2025-04-17T12:01:40","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=22539"},"modified":"2025-04-17T12:01:40","modified_gmt":"2025-04-17T12:01:40","slug":"bitcoin-consolidation-near-83000-could-spark-rally-after-bullish-macd-cross","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=22539","title":{"rendered":"Bitcoin Consolidation Near $83,000 Could Spark Rally After Bullish MACD Cross"},"content":{"rendered":"
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Bitcoin (BTC) price has been consolidating within a narrow channel between $83,200 and $85,800. According to crypto analyst Titan of Crypto, the top cryptocurrency may soon witness a shift in momentum as the Moving Average Convergence Divergence (MACD) indicator recently flashed a bullish cross.<\/p>\n

Bitcoin Primed For A Momentum Shift?<\/h2>\n

In an X post published today, noted crypto analyst Ali Martinez highlighted that BTC is currently trading within a channel, with the upper boundary at $85,800. With the $83,200 support holding strong, BTC may soon rebound toward the midpoint around $84,500 or test the upper end of the channel.<\/p>\n

\"ali\"<\/p>\n

Supporting Martinez\u2019s analysis, crypto trader Daan Crypto Trades noted that BTC has been trading tightly within a 4% range over the past four days. The trader commented:<\/p>\n

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So you can understand that plenty of longs & shorts have been building up on both sides here. This will likely result in a larger move as one side eventually gets squeezed out.<\/p>\n<\/blockquote>\n

Daan urged investors to watch closely for a decisive move below $83,000 or above $86,000, suggesting that a clean breakout from these levels could mark the beginning of BTC\u2019s next major price move.<\/p>\n

\"daan\"<\/p>\n

Meanwhile, crypto analyst Merlijn The Trader echoed similar sentiments. The trader hinted<\/a> at a potential short squeeze, suggesting that after a brief dip<\/a> \u2013 possibly liquidating long positions \u2013 BTC could trap short sellers and then surge upward.<\/p>\n

BTC MACD Makes Bullish Cross<\/h2>\n

In a separate X post, Titan of Crypto pointed out that BTC has just made a MACD bullish cross on the 3-day chart. The analyst remarked that a momentum shift may be underway and that BTC could be targeting price levels as high as $135,000.<\/p>\n

\"titan\"<\/p>\n

For those unfamiliar, a MACD bullish cross occurs when the short-term trend overtakes the long-term trend, indicating increasing upward momentum. This signal is often interpreted as a sign that prices may begin to rise.<\/p>\n

The last time the BTC 3-day chart showed a MACD bullish cross, the price surged over 90%, rising from around $60,000 to as high as $108,000. However, the cryptocurrency faces<\/a> multiple major resistance levels in the short-term.<\/p>\n

In other news, Bitcoin\u2019s hashrate recently reached<\/a> a new all-time high, suggesting the asset may be undervalued at current levels. At the time of writing, BTC is trading at $84,772, down 0.7% over the past 24 hours.<\/p>\n

\"bitcoin\"<\/div>\n","protected":false},"excerpt":{"rendered":"

Bitcoin (BTC) price has been consolidating within a narrow channel between $83,200 and $85,800. According to crypto analyst Titan of Crypto, the top cryptocurrency may soon witness a shift in momentum as the Moving Average Convergence Divergence (MACD) indicator recently flashed a bullish cross. Bitcoin Primed For A Momentum Shift? In an X post published […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-22539","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/22539","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=22539"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/22539\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=22539"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=22539"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=22539"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}