BTC Price Analysis: Bitcoin 2-Day MACD Nears Bullish Crossover After $60K Stabilization

After weeks of selling pressure, Bitcoin is starting to show something traders have been waiting for - a potential shift in momentum. The 2-day MACD chart is beginning to tell a different story than it did at the peak of the downtrend, and the setup is drawing attention from technical analysts watching for early reversal signals.

Bitcoin MACD Lines Converging - Is a Trend Reversal Forming?

On the 2-day chart, the MACD lines are converging toward a bullish crossover - the kind of signal traders watch closely when looking for early signs of a trend reversal. The developing crossover could mark an inflection point, even if it stops short of being a confirmed trend change just yet.

The chart paints a clear picture: BTC dropped from earlier highs into a lower trading range and has since been holding around the mid-$60,000 area. The MACD histogram bars are visibly contracting, pointing to fading bearish momentum. This kind of compression setup has appeared before - similar dynamics were covered in the analysis of MACD bullish cross as Bitcoin compresses in a tight range, where price coiled before a potential breakout.

Support Holds, But Traders Remain Divided on What Comes Next

The bigger question is whether BTC is forming a base or just pausing before another leg down. That tension was captured in the discussion around Bitcoin testing key support as traders debate a bottom - and the same uncertainty is still very much alive. A completed MACD cross would add a layer of technical conviction, but price needs to follow through for that signal to mean anything.

Bitcoin’s behavior here matters beyond just BTC. When Bitcoin shifts momentum, it typically pulls the broader crypto market with it. That dynamic was central to the conversation around Bitcoin holding support as resistance tests begin, where momentum confirmation was seen as the key ingredient for validating any upside continuation. If the bullish crossover confirms and price responds with strength, it could signal the early stages of a recovery cycle after the recent corrective move.

For now, the setup leans cautiously constructive - but the crossover still needs to close, and buyers need to show up.