Crypto influencer and trader Lark Davis says Bitcoin is set to rise, but altcoins will outpace the king coin’s growth in the coming months.
In a new video, Davis takes to the Bitcoin chart to explain why he’s short-term bullish on BTC.
Davis highlights that Bitcoin is on the verge of crossing the MACD (moving average convergence divergence), a move which has historically preceded large BTC rallies.
“This has not been confirmed yet, just keep that in mind. It may not confirm, but it’s very very close to confirming. If we keep this momentum going we will get a confirmation, and if it does confirm then this would be a very bullish technical move for Bitcoin.
The last three times that we had a bullish MACD crossover the price went up by 120%, 66% and 20%. So this indicator tends to represent a period where bitcoin will see serious gains.”
The trader adds that the indicator will likely