This Indicator With an 80% Strike Rate Just Flashed a Bullish Sign for Bitcoin

This Indicator With an 80% Strike Rate Just Flashed a Bullish Sign for Bitcoin


Bitcoin and the aggregated crypto market have been struggling to gain any significant momentum BTC has pushed off of its recent lows, however, it remains in a somewhat precarious position as its price continues trading sideways Where it trends next will likely depend largely on the stock market, which has had intense influence over its price action Still, its independent strength remains, as most on-chain indicators are flashing bullish signs One analyst is now noting that the crypto was just able to post an incredibly bullish technical crossover He notes that this crossover has an 80% success rate, which could mean a serious uptrend is imminent in the short-term

Bitcoin and the entire crypto market have been struggling to gain momentum over the past few days and weeks.

This has caused both bulls and bears to largely reach an impasse as BTC consolidates around $11,400.

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Where it trends in the near-term may depend largely on its reaction to the

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