• Press Releases
    • Submit a press release
    • Read All
  • Contact us
Advertise
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Breaking News: DOJ's Largest Bitcoin Seizure: $15 Billion In BTC Linked To Cambodian 'Pig Butchering' Scam
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Bitcoinist.com
No Result
View All Result
Breaking News: DOJ's Largest Bitcoin Seizure: $15 Billion In BTC Linked To Cambodian 'Pig Butchering' Scam
Bitcoin price santa claus

Key Technical Indicator Shows Bitcoin Price Poised for ‘Santa Claus Rally’

Osato Avan-Nomayo
by Osato Avan-Nomayo
6 years ago
·
Posted in Bitcoin, Altcoin News, Altcoin Price, Bitcoin Price, News, News teaser
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

The crypto market continues to endure a difficult 2018 after increasing posting astronomical gains in 2017. However, signs are beginning to emerge that Bitcoin price may set for another rally before 2019.


MACD Shows Positive Signs for Bitcoin Price

According to Bloomberg, the Moving Average Convergence Divergence (MACD) for the Bloomberg Galaxy Digital Index is currently in positive divergence territory. This occurrence, pictured in the company’s chart shown below is the first of its kind in over a month.

Typically, a positive MACD divergence signals a reversal in the upward direction for the price of the asset in question. The operative word still being “signals.” On Sunday, Bloomberg also reported on another indicator — this time, the Directional Movement Index (DMI), showing the onset of a bullish trend for the top-ranked cryptocurrency.

Like other momentum indicators, the MACD by itself isn’t an express representation of the general market condition especially one experiencing extended sideways trading. However, the recent price action for Bitcoin and other cryptocurrencies show a resurgence of late.

Commenting on the matter to Bloomberg, Mati Greenspan, Senior Trading Analyst at eToro, said:

The technicals look great, and the fundamentals are fantastic. All signs are pointing to a Santa Claus rally in the crypto market.

Bitcoin Continues Steady Increment

The trend indicated by Bloomberg Galaxy Digital Index’s cryptocurrency MACD corresponds to that being manifested by Bitcoin in the last one week. The top-ranked cryptocurrency seems to be holding steady above $6,500, its highest price level in two weeks.

Other top-ten cryptocurrencies like ETH and XRP are also on the right side of critical price levels like $200 and $0.5 respectively. XRP [coin_price coin=ripple] is up by almost 20 percent in the last week, climbing to $0.54 on Tuesday, its highest price level since the end of September 2018.

However, not everyone is sold on the idea of an imminent price boom in the virtual currency trading market. In-house Intelligence analyst at Bloomberg, Mike McGlone, noted:

Wish them luck, but most of our indicators remain negative.

The cryptocurrency market experienced massive losses in 2018 with coin prices plummeting, causing the total market capitalization to tumble by almost 75 percent. Many enthusiasts point to the slew of positive developments on the institutional front as the catalyst for the next bull-run. With less than eight weeks to the end of the year, it is perhaps time to have those fingers crossed.

Do you think the cryptocurrency market will experience a price rally during the closing weeks of 2018? Let us know your thoughts in the comment section below.


Images courtesy of Bloomberg, Coinmarketcap, Shutterstock

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Osato Avan-Nomayo

Osato Avan-Nomayo

Follow

When I am not knee-deep in cryptocurrency-related news, I am either attempting to beat my scrabble high score or internally debating an existential dilemma.

Full Profile

Related Posts

딥시크 전망

딥시크, 2026년 말 비트코인 강세장 예측…비트코인 하이퍼 주말할 만한 투자처

3 hours ago
cz 비트코인 언급

CZ “비트코인, 금 시총 추월할 것”…주목받는 신규 암호화폐는?

3 hours ago
Cardano : vers 3 $ malgré la baisse selon l’analyste on-chain ChainCatcher — niveaux clés

Prévision prix Cardano : direction 3 $ malgré la baisse selon l’analyste onchain ChainCatcher

4 hours ago
Bitcoin : le bottom local serait passé selon plusieurs experts — niveaux et scénarios de reprise

Bitcoin : le bottom local serait passé selon plusieurs experts

4 hours ago
Трейдинг

Snorter собрал $5,3 млн — до конца предпродажи 5 дней

4 hours ago
Maxi Doge

Защо Maxi Doge може да се окаже следващият Dogecoin и кои са най-добрите предпродажби в момента?

5 hours ago
Please login to join discussion

Premium Sponsors

Press Releases

  • ORIGIN Protocol's LGNS Achieves Historic Milestone: Liquidity Tops $194 Million, Reclaiming Title as Global Leader in DeFi

    ORIGIN Protocol’s LGNS Achieves Major Milestone...

    37 minutes ago
  • bonus kcex

    Bonus KCEX: promozione da $21.000 con un bonus deposito del...

    4 hours ago
  • Maxi Doge

    Защо Maxi Doge може да се окаже...

    5 hours ago
  • 挖 1 枚比特幣耗電可供 61...

    7 hours ago
  • KCEX стартира бонус за търговия от...

    1 day ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

About Us

  • Advertise
  • Contact us
  • Editorial Policy
  • Privacy Policy
© 2025 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
      • Crypto Betting
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Advertise

© 2025 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.