Bitcoin Signal Last Seen Prior to Price Rally From $3,700 to $14,000 Appears Again

It appears that Bitcoin’s medium-term outlook is rapidly starting to favor bulls, with reports upon reports coming in indicating that the technicals and fundamentals imply that a return to a bullish phase is on the horizon for BTC.

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Bitcoin Technical Indicators Continue to Flip Green

According to a recent tweet from full-time cryptocurrency trader Crypt0mer, Bitcoin’s one week chart recently printed an extremely bullish signal: the one-week Klinger Oscillator, which tracks volume and price to determine trends, has printed a buy for the first time since February 2019, when BTC was trading around $3,700. He remarked that this is a sign that the bear correction is over.

Klinger signaling a buy on the weekly, last time it did that was around Feb ’19 around 3.7keks; the bera correction might be over -or- it can be a false signal which happened before, need to keep an eye on it. 👀 $BTC