RATE Group | Bitcoin Indicator That Called Rally to $14,000 Flashes Again
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Bitcoin Indicator That Called Rally to $14,000 Flashes Again

13 Jan Bitcoin Indicator That Called Rally to $14,000 Flashes Again

Posted at 01:24h in Bitcoin News by

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Once again, analysts have started to flip bullish on Bitcoin again. Sure, the cryptocurrency is still down some 40% from its $14,000 peak from last year, but per a number of traders, an array of key technical indicators have suggested that BTC is ready to return higher once again.

Related Reading: Crypto Tidbits: Elon Musk Pokes Bitcoin Bear, Japanese Giants Delve Into Cryptocurrency Mining, Baidu’s Blockchain Beta

Key Bitcoin Buy Signal Flashes For First Time Since March

Financial Survivalism, the cryptocurrency trader that last week called Bitcoin’s surge to above $8,000, recently noted that the Lucid Stop and Reversal indicator, which “signals a stop and an entry in the opposite direction” when it reverses, just printed an extremely bullish signal.

Per the one-week Lucid SAR, Bitcoin just saw its first buy signal since March 2019, with the trend as defined by the SAR turning bullish.

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