Analyst: BTC MACD turning positive signals potential for short-term rally

Cryptocurrency analyst Frank has suggested that Bitcoin (BTC) may be poised for a short-term rebound, citing a positive turn in its MACD (Moving Average Convergence Divergence) indicator. He noted on X that with the MACD turning positive, it is now time for a meaningful relief rally. The analyst shared a chart showing past instances where a positive MACD crossover preceded significant price increases, such as rallies from around $65,000 to $82,000 and from approximately $85,000 to $97,000.