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Analyst: Bitcoin Weekly MACD Trend Indicates Price May Experience Major Upsurge

2025.05.14 23:08:15

On May 14th, Coindesk analyst Omkar Godbole pointed out that the Bitcoin weekly MACD histogram has crossed above the zero axis, suggesting a strengthening of the bullish momentum. The appearance of this bullish signal coincided with Bitcoin's rebound from the 50-week Simple Moving Average (SMA). This mirrors the trends observed in mid-2024 and early 2023, both of which were followed by substantial price increases. The analyst noted that over the past five years, the MACD has entered the positive zone five times. There was only one false signal in March 2022 (circled in the chart), which led to the bulls misjudging the market direction.
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A Chainlink whale deposited 984,550 LINK tokens to Coinbase two hours ago, with the deposit valued at approximately $9.23 million.

According to OnchainLens monitoring, a Chainlink whale deposited 984,550 LINK tokens to Coinbase two hours ago, valued at approximately $9.23 million, likely for sale. Over the past month, this whale has accumulated around 2.41 million LINK tokens from Binance. It currently holds about 1.43 million LINK tokens, worth roughly $13.43 million, with an estimated unrealized profit of approximately $1.42 million.

27 minutes ago

CZ's wallet address burns 4,444 meme tokens named 'Niu Lai'

According to Arkham monitoring, CZ’s public donation address made another abnormal movement 3 minutes ago, burning 4,444 units of the Meme token "Niu Lai". BlockBeats Note: The contract address of the "Niu Lai" Meme token burned by CZ’s address starts with 0xD043B6, while the highest-market-cap "Niu Lai" token on the BSC chain currently starts with 0xbeea. The two tokens share the same name. Meme tokens generally have no practical use cases, are highly volatile, and investment in them requires caution.

27 minutes ago

Meme coin 'Niu Lai' rebounds to a $16.5 million market cap in the short term following CZ's burn.

According to GMGN market data, the meme coin "Niu Lai" on BNB Chain has rebounded in the short term, with its market capitalization rising from $13.5 million to $16.5 million. Per Arkham monitoring, CZ’s public donation address has seen another on-chain activity, burning 4,444 units of the meme token "Niu Lai". BlockBeats Note: The contract address of the "Niu Lai" meme token burned by CZ’s address starts with 0xD043B6, while the highest market cap "Niu Lai" token on BSC has a contract address starting with 0xbeea. The two tokens share the same name. Meme tokens typically have no practical use cases and are subject to extreme price volatility; investors should exercise caution.

27 minutes ago

Following CZ’s token burn, the 'Binance Life' token rallied more than 8% in a short span, breaking through the $0.52 mark.

According to HTX market data, the Binance Life token saw a short-term surge of over 8%, breaking through $0.52, and is now trading at $0.497. Earlier, CZ’s public donation address burned 4,444 Binance Life tokens.

27 minutes ago

CZ burns 4,444 MarsCoins, token's market cap briefly surges past $15 million.

According to GMGN data, the market capitalization of BSC-based meme coin MarsCoin briefly surged past $15 million, hitting an all-time high. Earlier, CZ’s wallet address showed unusual activity, burning 4,444 MarsCoin meme coins.

27 minutes ago

CZ burned 4,444 Binance Life tokens via a public donation address, worth approximately $2,130.

According to Arkham's monitoring, CZ's public donation address burned 4,444 Binance Life tokens 10 minutes ago, worth approximately $2,130. Driven by the news, Binance Life rallied over 7% in the short term and is now trading at $0.513.

27 minutes ago

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