Bitcoin's Long-Term Floor Holds Strong as Bullish Indicator Flashes

A bullish signal has emerged in Bitcoin's long-term price charts, suggesting that its recent floor may be holding strong. According to Willy Woo, a well-known analyst, the Fisher Transform indicator delivered a monthly bullish crossover for only the fourth time in Bitcoin's history.

This cross occurred during July at -2.26 on the BTCUSD one-month chart, and if it continues to play out, history suggests that Bitcoin will embark on a new macro uptrend.

Woo notes that price could still consolidate and continue lower, referencing a corresponding phenomenon during bull markets where Fisher delivered a bearish crossover, only to offer a fresh bullish one later.

The weekly chart shows another Fisher bull structure in process throughout 2026, with the indicator hitting its swing low of -2.85 at the end of December last year, when BTCUSD was still around $90,000.