A closely tracked crypto strategist who continues to build his following with timely Bitcoin predictions says the king crypto asset (BTC) could be gearing up for a significant rally.

Cryptocurrency analyst Kevin Svenson tells his 110,200 Twitter followers that he’s looking at Bitcoin’s moving average convergence divergence (MACD) indicator on the three-day chart which suggests that Bitcoin is likely setting up for a sustained bounce.

“Bitcoin three-day MACD cross will likely lead to continuation up. The three-day candle closes tonight. We’re very likely going to confirm the cross soon.”

Learn more about your ad choices. Visit megaphone.fm/adchoices