Cointime

Cointime

Download App
iOS & Android
Home / Point

Bitcoin's MACD Indicator Shows Signs of Potential Growth Amid Resistance at $30,000 Mark

The Moving Average Convergence Divergence (MACD) suggests that there may be potential growth in the Bitcoin market, as it has shown an upside MACD cross. This technical analysis tool is commonly used by traders to identify buy and sell points and can be applied to cryptocurrency.

The MACD line, which is calculated by subtracting the 26-day Exponential Moving Average (EMA) from the 12-day EMA of Bitcoin's price, is a key part of the signal generation process. Despite facing resistance, Bitcoin is currently hovering around the $30,000 mark with a market cap nearing $590 billion and 24-hour trading volume surpassing $7.6 billion.

Renowned cryptocurrency enthusiast and CEO of Galaxy Digital, Mike Novogratz, has identified four potential bullish catalysts for the crypto market, including the approval of a Bitcoin ETF, which he believes is a matter of "when," not "if."

Bitcoin Bitcoin $114,889.52
-0.83%
Cryptocurrency Bitcoin ETF
Comments

All Comments

Recommended for you

  • BitMine's cryptocurrency and cash holdings reached $10.8 billion, and its ETH holdings exceeded 2.151 million.

    as of 6:00 PM Eastern Time on September 14th, BitMine's cryptocurrency holdings include 2,151,676 ETH (each ETH $4,632), 192 BTC, $214 million worth of Eightco (NASDAQ stock code: ORBS) shares, and $569 million in undeployed cash.

  • OKX Boost will launch the second phase of X Launch project, Lombard (BARD).

    On September 15th, according to the official announcement, OKX Wallet will officially launch the Boost - X Launch second phase event on September 17, 2025. The project for this phase is Lombard (BARD), with a total prize pool of 2,600,000 BARD. Eligible users can sign up to participate in the event after it starts and share the project token rewards. The participation threshold and trading points rules for this phase of the event will be announced on the product page when the event starts.

  • Coinshares: Digital asset products saw $3.3 billion in inflows last week

    CoinShares released its latest weekly report, showing that digital asset investment products saw a $3.3 billion influx of funds last week. Due to the impact of lower-than-expected US macroeconomic data, market sentiment has significantly improved. The total assets under management (AuM) reached $239 billion, close to the historical high of $244 billion set in August. Bitcoin led the way, attracting a $2.4 billion inflow, the highest since July; Ethereum ended its eight-day outflow trend, recording a $646 million inflow; Solana set a new daily record with a $145 million inflow on Friday. In terms of regions, the US contributed $3.2 billion, Germany saw an inflow of $160 million, while Switzerland had an outflow of $92 million.

  • Tesla's stock rose 3.75% in pre-market trading, with documents showing Musk bought shares.

    Tesla (TSLA.O) rose 3.75% in pre-market trading, with documents showing Musk buying over 2.5 million shares of Tesla stock.

  • Hyperscale Data Launches $100 Million Bitcoin Funding Strategy

     Hyperscale Data has launched a $100 million bitcoin fund strategy as part of its transformation into a pure AI and digital asset company.

  • A look at the key developments from midday on September 14th

    7:00-12:00 Keywords: Yunfeng Financial, OM, Coinbase, SOL DAT

  • Bitcoin spot ETFs saw net inflows of $2.34 billion last week, marking the third consecutive week of net inflows.

    according to SoSoValue data, the net inflow of Bitcoin spot ETFs last week was $2.34 billion, with no net outflows. The Bitcoin spot ETF with the highest net inflow last week was the BlackRock Bitcoin ETF IBIT, with a weekly net inflow of $1.04 billion. The total net inflow of IBIT has reached $59.78 billion. Following that is the Fidelity ETF FBTC, with a weekly net inflow of $850 million, and a total net inflow of $12.63 billion for FBTC.

  • The value of Bitcoin held by public companies has soared to over $113 billion

     according to Bitcoin News, the value of Bitcoin held by listed companies has soared to over $113 billion.

  • ZachXBT: Suspected insiders made $3.8 million in profits on RTR

    On August 10th, Chain Detective ZachXBT posted on social media that 4 addresses made a profit of $3.8 million in the RTR sell-off, with the 9G1ELG and GHoW2 addresses belonging to the same person and receiving 500 SOL in new funds within minutes after the TGE. Previously, it was reported that Restore The Republic (RTR) had its TGE on the evening of August 8th, with rumors circulating in the community that it was related to a new project by the Trump family. The RTR token reached a high of $0.156 on August 9th at midnight. Afterwards, Eric Trump, the current Executive Vice President of the Trump Organization and son of Donald Trump, warned on social media to "be careful of false tokens" and that the only official Trump project has yet to be announced and will be announced on Twitter first. After the statement was released, RTR quickly dropped by about 95%, with a trading volume of $164 million within just 15 hours of its creation.

  • The U.S. Internal Revenue Service has released a new draft of the crypto tax form, which no longer requires filling in wallet addresses and transaction IDs

    The US Internal Revenue Service (IRS) released an updated draft version of tax form 1099-DA for cryptocurrency brokers and investors to report certain transaction income. The public has 30 days to provide feedback to the IRS on this version. Starting in 2026, cryptocurrency investors who use brokers (currently mainly Coinbase and Kraken, among others) will receive 1099-DAs from these brokers to report certain cryptocurrency sales and trades as taxable events to the IRS. IRS officials say this form will "bring more convenience and clarity" to users who pay US cryptocurrency taxes.

Daily Must-Read

Popular Activities

RaveDAO at Terra Solis by Tomorrowland: A Female-Led Techno Night Where Web3 Culture Converges

RaveDAO at Terra Solis by Tomorrowland: A Female-Led Techno Night Where Web3 Culture Converges

April 30 - April 30
Dubai

Popular Tags

Cointime
News
Contents
RSS
Company