Part 3/6:
A bullish trend in the Moving Average Convergence Divergence (MACD) indicator was also highlighted. Recent data shows bullish momentum with the histogram showing higher lows, which could indicate a positive future price action for Bitcoin in the coming weeks. The well-known adage, "buy in May, go away," was referenced, suggesting that this could be a pivotal month for gains.
Ethereum's Lackluster Performance
In contrast to Bitcoin, Ethereum is displaying challenges in its recovery. After retesting the breakdown of a crucial trend line, the outlook appears less optimistic. Failure to reclaim this line suggests that an altcoin season may be stalled, causing other altcoins to potentially follow a downward trajectory.