Data source: BGeometrics.com · chart & styling by DurdenBTC.
What This Chart Shows
MACD — Moving Average Convergence Divergence — is one of the most widely used trend-and-momentum indicators in markets. It is built from two exponential moving averages of price: the MACD line is the 12-period EMA minus the 26-period EMA, the signal line is the 9-period EMA of the MACD line, and the histogram is the distance between them. This chart computes it on weekly closes, so it reads the higher-timeframe regime rather than the noisy daily version.
- Price sits in the top panel on a log scale.
- The MACD oscillator runs in the lower panel: the MACD line (cyan), the signal line (purple), and a histogram that turns green when momentum is positive (MACD above signal) and red when it is negative.
- The daily MACD is drawn faintly behind the weekly lines, so you can see the fast, noisy version under the smoothed weekly one.
- The whole oscillator is computed on the log of price, which keeps a 2014 swing and a 2026 swing the same size on the chart.
How to Read It
Two things matter: the cross and the zero line. When the MACD line crosses above the signal (histogram flips green), weekly momentum is turning up; when it crosses below (histogram flips red), momentum is rolling over. The zero line is the trend filter: MACD above zero means the 12-week average is above the 26-week average (an uptrend), below zero means a downtrend. The strongest signals line up — a green cross back above zero after a bear phase, or a red cross below zero after a top. Like all momentum tools it is best read alongside trend and on-chain context, not as a standalone trigger.
Drag to pan and scroll to zoom; the toolbar in the top-right autoscales to the full history, resets the view, or downloads the chart. Hover anywhere to read price and the weekly MACD, signal, and histogram for that date together.
Frequently Asked Questions
What is the Bitcoin weekly MACD?
It is the MACD indicator (12/26/9) calculated on weekly closing prices. The MACD line is the 12-week EMA minus the 26-week EMA, the signal line is its 9-week EMA, and the histogram is the gap between them. A positive histogram is bullish momentum; negative is bearish.
Why is it computed on log price?
Bitcoin has ranged from under $100 to over $100,000. A raw-price MACD would be tiny early and huge now, so the eras couldn’t be compared. Taking the moving averages on the log of price makes the MACD scale-invariant, so swings read at the same magnitude across the whole history.
Why weekly instead of daily MACD?
Daily MACD crosses bullish and bearish constantly and throws many false signals. Weekly MACD smooths that out and aligns much better with Bitcoin’s months-long swings and cycle turns. The daily MACD is still shown faintly behind for context.