Bitcoin: 2-Week MACD Bullish Cross Signals Cycle Bottom

Bitcoin and crypto markets sit at the precise Q4 2022 cycle bottom equivalent, with the 2-week MACD flashing a bullish cross that previously marked major lows, according to @CryptoMichNL.

From this point forward the structure shifts into a sustained bull market for BTC, arriving earlier than prior cycles due to structural differences in liquidity and adoption.

With price testing upper Bollinger resistance at $79899.79 while RSI flashes overbought at 70.6, a healthy retracement to the 50-EMA support at $71438.47 seems probable before further continuation, even as the 4h MACD prints a death cross at 2188.67 inside the bands.