Several Wall Street banks have penciled in five Fed rate hikes for 2022. By Omkar Godbole UpdatedMay 11, 2023, 5:26 p.m. PublishedJan 31, 2022, 8:13 a.m. Bitcoin's monthly chart with MACD ...

BTC/USD 1-week candle chart (Bitstamp) with MACD. Source: TradingView As popular Twitter commentator BTC Archive noted last week, a similar green event in 2019 led to considerable price appreciation.

The weekly chart shows bitcoin holding support at $25,200, marked by the horizontal line and stochastic indicator just short of flashing an oversold signal with a below-20 reading.

See, too, at the bottom of the chart that the moving average convergence divergence (MACD) indicator is in a bullish posture as the red MACD line is above the blue trigger line and both lines are ...