The Convergence Divergence—basically the mood ring of the cryptocurrency world—is
this close to declaring Bitcoin “hot stuff.” That’s right, it’s inching towards a bullish cross, which is financial speak for “Wait, is it too late to buy in and become insufferable at brunch?”
The MACD, which is not a fast-food sandwich but a trend indicator for people who still read charts, is currently pointing up. If that’s not a reason to daydream about early retirement (or at least a new pair of Crocs), I don’t know what is. Investors everywhere are feeling bullish, or are at least pretending to on Twitter.
The attached image features Bitcoin elegantly surfing a rising channel (picture Shaun White, but with more pixelation), all of it lovingly cradled by some Fibonacci retracement levels—who, I presume, were famous Italian mathematicians or possibly high-priced yoga instructors.
By the looks of it, the technical stars have aligned. So if nothing catastrophic happens on Wall Street or in your uncle’s basement, Bitcoin could keep ascending. The only thing standing between you and a Lambo at this point is, well, reality. 🤑🚗
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2025-05-10 09:06