BTC Sees Fourth-Ever Bullish Cross Amid Growing Signs of Stability
BTC's price structure is showing signs of stability, according to Willy Woo, who pointed out that Bitcoin has registered its fourth-ever bullish cross. This technical setup historically aligns with major bear-market endings.
The Fisher Transform indicator produced a monthly bullish crossover in August, only the fourth time this has happened in BTC's history. A weekly bullish divergence is also developing, echoing the pattern seen during the final six months of Bitcoin's 2022 bear market.
The signal tends to be more reliable near bear-market bottoms due to lower speculative churn compared to bull phases. Woo notes that even if the indicator has turned, investors should expect a bottom can involve time-consuming stabilization rather than an immediate straight-line recovery.