Bitcoin adds to bull-market hopes as price metric prints fourth-ever bullish cross

Bitcoin adds to bull-market hopes as price metric prints fourth-ever bullish cross

Özet: Kripto piyasasında önemli gelişmeler yaşanıyor.

Bitcoin (BTC) is showing strong signs that its latest long-term floor is already in, according to a classic trading indicator.

Key points: In an X thread on Friday, analyst Willy Woo flagged key readings from the Fisher Transform indicator, a price trend analysis tool created in 2002.

The indicator smooths an asset’s price action to create a readable trend-strength chart.

Market prices tend to spend more time around extreme values than ordinary statistical data.

The Fisher transform corrects this by applying a log-based transform.  The indicator is formed of two trend lines, the Fisher line and the trigger line, that fluctuate on a scale with zero at its center.

The trigger line is derived from the Fisher line, plotted with a delay of one period.  Woo shows that for Bitcoin, a sharp upward reversal in Fisher, where its two trend lines cross over one another, has corresponded to bear-market bottoms when viewed on monthly time frames.

“BTC bottoms: 3 for 3 without fake out.

Latest cross is the 4th on record,” he commented.

The cross in question occurred during July at -2.26, and if it continues to play out, history suggests that BTC/USD will embark on a new macro uptrend.

Woo, however, 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.

Analiz: Piyasa hareketliliği devam ediyor.