Bitcoin MACD Turns Bullish Above $64,000, Targeting Resistance Up to $71,147
Updated
Updated · CoinDesk · Jul 10
Bitcoin MACD Turns Bullish Above $64,000, Targeting Resistance Up to $71,147
3 articles · Updated · CoinDesk · Jul 10
Summary
Bitcoin’s longer-term MACD histogram has crossed above zero with the token trading just over $64,000, signaling the recent nearly 10% monthly rally may extend toward $70,000.
The bullish signal comes from a smoother 50-100-9 MACD setup that has previously tracked major declines and recovery bounces more reliably than the standard short-term version.
Key upside tests now sit at the 50-day moving average near $65,434, the mid-June high of $67,292, and the 200-day moving average around $71,147.
A break through those levels would strengthen the case for a broader uptrend, though the report says the latest crossover alone points more to a notable bounce than a confirmed bull market.
Deribit’s $80,000 options strike holds more than $1.21 billion in open interest, a positioning cluster that could amplify volatility if bitcoin approaches that level.