Bitcoin Gains New Bull Signal as Fisher Transform Prints Key Crossover
6 Articles
6 Articles
Bitcoin Registers Fourth-Ever Bullish Cross, Boosting Bull-Case Momentum
Bitcoin’s longer-term price structure is starting to look more stable, with analyst Willy Woo pointing to a well-known technical setup that historically has aligned with major bear-market endings. Woo argues that Bitcoin’s latest monthly “Fisher Transform” signal marks a new phase of trend reversal—though he also cautions that clean bottoms are not guaranteed and some [...]
Bitcoin analyst Willy Woo noted that an indicator coinciding with the lows of past bear markets is signaling a renewed uptrend. While the crossover on the monthly chart supports expectations of a recovery, Woo emphasized that this alone does not guarantee a trend reversal.
While Bitcoin has been fluctuating between $76,000 and $79,000 in recent days, on-chain analyst Willy Woo analyzed BTC's monthly chart using the Fisher Transform indicator. Woo noted that the Fisher Transform indicator formed a golden cross on Bitcoin's monthly chart. According to Woo, this development stands out as the fourth bottom signal seen in Bitcoin's history. Not a Sudden Bullish Signal! 2002 […] Source: Bitcoinsistemi.com
Cointelograph repercussions Willy Woo's analysis of Fisher Transform's fourth monthly discharge crossover at Bitcoin and weekly divergence
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