Bitcoin Flashes Rare Bottom Signal As Altcoin Market Cap and One More Metric Hint at Trend Reversal: Top Analyst

Bitcoin Flashes Rare Bottom Signal As Altcoin Market Cap and One More Metric Hint at Trend Reversal: Top Analyst


A closely followed analyst is highlighting one key historical metric as an indicator that Bitcoin (BTC) may finally have set a bottom after an eight-month-long bear market.

The pseudonymous crypto enthusiast TechDev tells his 399,600 Twitter followers about the significance of 1-year HODL waves, a metric that keeps track of Bitcoin that has remained dormant for over a year. During three prior instances where static BTC peaked in 2012, 2015 and 2019, a rally soon followed.

“1 yr+ HODL wave 200-day rate of change peaks over 0.1.

Trending: COMING SOON: The First Arrest Will Shock The World [Identity Revealed]…

4 signals in 11 years.”

Source: TechDev/Twitter

At time of writing, Bitcoin is down less than a percent in the past 24 hours and trading for $23,066.

TechDev next looks at how altcoins have performed against the US

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