#bitcoin Cycle Momentum signals a bear market reversal
The indicator returns to positive territory after an 8-month bear cycle momentum
This signal indicates a high probability that #BTC is on track to break out of the downtrend and reverse the bear market.
For this reversal signal to be confirmed, we want to see the indicator reach a level between 20-30 in the coming weeks, continuing the upward trend in price recovery.
#Onchain #technicalanalyst #momentum $BTC
The indicator returns to positive territory after an 8-month bear cycle momentum
This signal indicates a high probability that #BTC is on track to break out of the downtrend and reverse the bear market.
For this reversal signal to be confirmed, we want to see the indicator reach a level between 20-30 in the coming weeks, continuing the upward trend in price recovery.
#Onchain #technicalanalyst #momentum $BTC
