RATE Group | This 90-Year-Old Indicator Says Bitcoin Uptrend Is Just Getting Started
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This 90-Year-Old Indicator Says Bitcoin Uptrend Is Just Getting Started

20 Feb This 90-Year-Old Indicator Says Bitcoin Uptrend Is Just Getting Started

Posted at 19:31h in Bitcoin News by

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The moment all crypto investors have been waiting for may finally be upon us: Bitcoin is about to enter a new bull market.

And while market participants have been saying it for some time now, this indicator first developed in the 1930s and still popular today points to Bitcoin’s new uptrend only just noq beginning, despite an already over 40% return year-to-date.

90-Year-Old Technical Analysis Indicator Signals Buy on Weekly Timeframes

Using technical analysis to chart across multiple timeframes is common practice for all types of traders, crypto, Bitcoin, or otherwise.

Lower timeframes are often paid the closest attention, as these dictate intraday price movements that the cryptocurrency community prefers to speculate over and makes for quick scalp trades.

Related Reading | This Insanely Bizarre Signal Called Bitcoin’s Top Three Times In A Row

But it’s the highest timeframes – daily, weekly, and monthly – that typically dictate the underlying strength of an asset and any trend…

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