The moving average convergence divergence indicator says that the primary digital asset bitcoin is gradually coming out of the bearish previous which it has been in couple of weeks now. A crypto analyst Dave took to Twitter so [says](https://twitter.com/davthewave/status/1587236519508856832?s=46&t=mGSAgMteENjQx1Pm_RHERg);

”And there you have it ladies and gentlemen, a momentum [and momentous] shift on the monthly MACD. No guarantee of certainty, but certainly a strong indication of the Bitcoin macro turnaround… given the previous historical trend.”

![1E639755D4F34BD0B50781DE2BA8176F.jpeg](https://i.imgur.com/JdHWNR7.jpg)
[source](https://freebitco.in/site/blogs/bitcoin/bitcoin-miner-agro-blockchain-revenue-increase-23-percent/)

Looking at the logarithmic growth curve Dave says that the bitcoin is forming at $20,600 price range, he [says](https://dailyhodl.com/2022/11/03/historically-accurate-signal-suggests-macro-bitcoin-shift-has-arrived-according-to-trader-who-called-may-2021-btc-collapse/); 

“Momentum on the shorter-term weekly chart also supportive of the monthly chart. Factor in the LGC model, the curves of which have been on target since 2018, and you’ve got a reasonable argument for a base forming/ formed.”

At the point of writing this article bitcoin is selling at $20,200 and Ethereum is currently selling at $1,500.

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