Bitcoin gets a green light from a reliable momentum gauge. Here are key levels to watch

Markets Bitcoin gets a green light from a reliable momentum gauge. Here are key levels to watch A smoother long-term MACD just flipped bullish, pointing to more upside. Here are key levels that will decide if the ongoing bounce turns into a full blown uptrend. By Omkar Godbole Jul 10, 2026, 6:49 a.m. 3 min read Make preferred on Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Make preferred on BTC's MACD flips bullish. (Adam Smigielski/Unsplash) Summary Show A longer-term version of the MACD histogram has turned positive for bitcoin, signaling that the recent rally above $64,000 may have further room to run. The indicator's bullish turn shifts focus to key resistance levels between $65,000 and $80,000. Bitcoin BTC $ 63,848.69 is up nearly 10% for the month and could push even higher toward levels above $70,000 that have capped gains in recent months. That’s the message coming from a popular technical indicator called the moving average convergence divergence (MACD) histogram , which oscillates around the zero line to show the direction and strength of the market trend. Crossovers above zero represent bullish shifts in momentum while crossovers below zero suggest otherwise. The standard settings for the MACD use a 12-day and 26-day average, along with a 9-day signal line. However, these default parameters often generate short-term flip-flops and noise. To filter that out, many traders switch to longer parameters, such as the 50-day, 100-day, and 9-day settings. This longer, smoother version of the MACD histogram has now crossed above zero, flashing a bullish shift in momentum. In plain terms, this means the longer-term momentum is turning positive. It suggests bitcoin’s recent gains could continue rather than fizzle out quickly. As of this writing, bitcoin is trading just above $64,000. Traders typically do not rely on a single indicator to determine market trends. But this particular MACD has proved reliable as a standalone gauge through the price crash from the record high of $126,000. Since October, negative crossovers have reliably marked the start of steeper declines, while positive crossovers have preceded meaningful recovery rallies – including the December–January bounce and the February–May bounce. BTC's daily chart. (TradingView) The latest bullish crossover therefore points to a notable bounce ahead, though not necessarily the start of a full-blown new uptrend. That bigger move would need more confirmation, which is why the key resistance levels below are now in focus. Key levels ahead The first level to watch is the 50-day simple moving average, currently around $65,434. This is simply the average bitcoin price over the past 50 days (roughly two months). Traders in both crypto and traditional markets watch this line closely to gauge near-term momentum. A clear move above it is often seen as a sign that upside strength is building. The second key level is $67,292, which was the mid-June high. This is where bitcoin staged a brief recovery from early June lows near $60,000, only for sellers to step in aggressively. That resistance turned the price lower again. Breaking above $67,292 would be another win for buyers, showing they have overcome the previous area of strong selling pressure. The third and most significant level is the 200-day moving average, currently near $71,147. This is one of the most widely followed long-term trend indicators in the market. It also acted as major resistance in early May, when it stopped the bounce that had started from February lows near $60,000. Clearing this level convincingly would be strong evidence that a full bullish trend is developing.Until bitcoin pushes through these zones, bulls should remain cautiously optimistic. Don't forget the $80,000 strike A final note on potential volatility comes from the $80,000 level. In Deribit’s options market, the notional open interest, representing the dollar value of options (hedging contracts), at $80,000 exceeds $1.21 billion – the highest of any strike on the exchange. As prices approach this area, activity from traders holding these contracts could spill over into the spot and futures markets, adding to swings in price. BTC options on Deribit: OI distribution. (Deribit) Bitcoin News Technical Analysis Related Assets Bitcoin $ 63,848.69 1.52 % Latest Crypto News 1 Live markets: Bitcoin ETFs bleed again while ether funds snap a five-day inflow streak 28 minutes ago 2 XRP up 2% as buyers push through $1.10 resistance 1 hour ago 3 Bitcoin's quiet split: Strong in USD, lagging in JPY as Yen rises on intervention fears 2 hours ago 4 Bitcoin zips higher to nearly $64,000 as chip rally and yen strength drive gains 2 hours ago 5 New Hampshire snuffs out trailblazing state-government bitcoin bond effort 8 hours ago 6 Grayscale's CFO exits after 7 years with crypto asset manager 10 hours ago 7 With SEC fight over, Coinbase's top legal exec Grewal moves on, and others reassigned 10 hours ago 8 Arbitrum jumps 19% benefitting from Robinhood's $568 million onchain trading frenzy 10 hours ago 9 Newest version of crypto Clarity Act may drop as soon as next week, sources say 11 hours ago 10 Billions flowing out of bitcoin ETFs and private credit funds suggest rising market risks 12 hours ago Latest Research SpaceX IPO Drives Tokenized Equity Volumes to Record as Stablecoin Market Cap Falls SpaceX IPO Drives Tokenized Equity Volumes to Record as Stablecoin Market Cap Falls Stablecoin market cap fell to $312B in June, its largest monthly drop since TerraUSD, while tokenized equity volumes surged 145% to a record $3.86B. By CoinDesk Research Jul 7, 2026 Stablecoin market cap fell to $312B in June, its largest monthly drop since TerraUSD, while tokenized equity volumes surged 145% to a record $3.86B. Why it matters : Stablecoin market cap fell to $312B in June, its largest monthly drop since TerraUSD, while tokenized equity volumes surged 145% to a record $3.86B. View Full Report More From Markets XRP up 2% as buyers push through $1.10 resistance Bitcoin's quiet split: Strong in USD, lagging in JPY as Yen rises on intervention fears Bitcoin zips higher to nearly $64,000 as chip rally and yen strength drive gains More From Bitcoin Live markets: Bitcoin ETFs bleed again while ether funds snap a five-day inflow streak XRP up 2% as buyers push through $1.10 resistance Bitcoin's quiet split: Strong in USD, lagging in JPY as Yen rises on intervention fears