Bitcoin's price is currently swinging between the possibility of a momentum rebound and testing a major resistance level that could end with another decline. One chart shows an early indication of a bottom formation, while the other shows a level that buyers still need to regain before any larger price movement can hold.

The Bitcoin monthly chart suggests a potential bottom formation if the MACD indicator maintains its strength until the close.
The chart indicates a possible signal for the beginning of a bottom phase on the Bitcoin monthly timeframe. SuperBitcoinBro highlights the first rise in the logarithmic MACD chart after a long period of weak momentum. In this context, this shift is significant because the previous cycle's lows also formed when the chart stopped declining and started rising.