Bitcoin flashes first bullish 13/34-week EMA crossover in 3.5 years

Bitcoin’s 13-week exponential moving average has crossed above its 34-week average for the first time in three and a half years, according to a weekly chart shared by Raymond James' David Cox.The chart marked the crossover as bullish and also identified a previous bearish crossover between the two moving averages.The MACD histogram, calculated using the 12-, 26-, and 9-period settings shown on the chart, had a latest reading of 2,349.The panel also marked a three-week rise in the histogram and a separate seven-week upward run.Bitcoin was down 1.06% at $82,810.33 at the time of writing.Here is the chart:Content provided by Seeking Alpha is intended for information purposes only, and that Seeking Alpha does not offer any personalist investment advice and is not a licensed securities dealer, broker, US investment adviser or investment bank.