Bitcoin just flashed multiple signals that have historically appeared around major cycle bottoms… but there’s something even bigger happening with altcoins. A 6.5-year breakout is getting dangerously close, Bitcoin indicators are turning green, and one chart has NEVER missed a major cycle bottom. So… is the bear market actually over?
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Bitcoin indicators are flipping from red to green, BTC is breaking out of a falling wedge, and multiple historical signals are pointing toward a possible major cycle bottom. Bitcoin has closed above the 50-week moving average, the BTC/gold Z-score has turned positive, and the 12-month RSI is flashing a setup that has previously appeared around major Bitcoin bottoms. But is this really the beginning of a new Bitcoin bull market—or one massive bear trap?
And Bitcoin isn’t the only story. Altcoins are approaching a breakout that hasn’t happened in 6.5 years, with MACD potentially turning bullish and comparisons to the 2021 altcoin season heating up. Is the crypto market about to enter an entirely different phase? Watch until the end, drop your take in the comments, and subscribe for more Bitcoin and crypto updates!
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To appease money-hungry lawyers and irresponsible people, it should be known that I AM NOT A FINANCIAL ADVISOR and THIS IS NOT INVESTMENT ADVICE. I am merely educating and entertaining. What you do with your own money is your own responsibility. Seek the counsel of an intelligent financial advisor (good luck finding one) before investing yours or anyone else’s money.
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial, legal, or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. In limited circumstances the speaker has been compensated by a third party. Purchasing cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome. Past performance does not indicate future results. This is not an offer to sell securities. Never invest more than you can afford to lose. You should consult with your professional advisors before purchasing any cryptocurrencies.
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