Analyst eyes bullish momentum on BTC in near term

Crypto analyst Omkar Godbole expects Bitcoin (BTC) to emerge with positive volatility soon. According to a post by Godbole on CoinDesk, the Moving Average Convergence/Divergence (MACD) technical indicator on BTC's weekly chart has shifted into positive territory. In addition, the gap between the Bollinger Bands, a key volatility indicator, seems to further widen. Historical data suggests that such trajectories typically precede an upcoming bull run, Godbole highlighted.