Bitcoin Bulls Cheer Rare Bullish Divergence Amid $65,000 Stall

Crypto analyst Ali Martinez believes that Bitcoin may have already formed its market bottom after a bullish divergence reappeared between BTC's price and Net Capital Flows.

This divergence, known as a historic signal, emerged last time at around $15,000 before the crypto asset rallied from there to eventually reach $126,000.

Martinez stated that the 'same signal is back', indicating that the indicator that identified the previous cycle low has returned.

Another technical indicator, the SuperTrend, had also flashed a buy signal earlier. Doctor Profit agrees with Martinez's view on Bitcoin's current price range, saying it represents a buying opportunity rather than trying to time the precise low.