Crypto
Fourth-Ever Bullish Cross on Bitcoin's Price Metric Sparks Hope
Bitcoin ($BTC) is showing strong signs that its latest long-term floor may be in place, according to a classic trading indicator.
The Fisher Transform indicator delivered a monthly bullish crossover for only the fourth time in Bitcoin's history, according to Willy Woo.
This has accompanied the end of Bitcoin bear markets in the past, including in late 2022 when the Fisher Transform Indicator hit -3.83.
Willy Woo pointed out that this cross occurred at -2.26 during July and if it continues to play out, history suggests that $BTC/USD will embark on a new macro uptrend.