A veteran dealer who has a historical past of nailing Bitcoin’s cycles says a key indicator is signaling BTC has bottomed.
Dave the Wave tells his 188,700 followers on X that Bitcoin’s shifting common convergence divergence (MACD) indicator appears to be forming the same 2022 sample that led to an enormous breakout.
The MACD is a technical indicator that tracks the convergence and divergence of shifting averages to gauge an asset’s momentum and development route whereas pinpointing potential reversal areas.
“Although I normally focus extra on the weekly MACD, I discover this chart of curiosity. To search out the every day MACD so low as just lately, we now have to go all the best way again to the main cyclical correction of 2022. This means that we’re likewise repeating that sample. Additionally of curiosity is the three swings decrease in the middle of that correction, one thing we see mirrored right here in 2026, and extra concisely in a extra mature market. If the sample continues to play out, the underside is in.”
The analyst additionally shares Bitcoin’s month-to-month chart and predicts BTC’s worth volatility will proceed to lower.
“On the weekly chart, we see the identical sample in a extra subdued method, as soon as once more signaling a maturing extra technical market for my part. The MACD right here doesn’t attain as low resulting from lowering macro volatility in worth, or, in different phrases, growing worth stability. Understand that alongside the traces of the LGC mannequin [Logarithmic Growth Curve], a means of worth discovery is unfolding. On this state of affairs, total worth enhance whereas remaining risky to each side, will itself more and more plateau as BTC [an alternative currency/ digital gold] is capitalized by the market. This eventual worth discovery/ capitalization can be why the MACD on greater time frames shouldn’t swing as excessive or low. The chart [below] is thus far confirming the speculation/ prediction. The speculation has carried out.”
Bitcoin is buying and selling for $65,826 at time of writing, flat on the day.
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