Bitcoin (BTC) Ready for ‘Impulse,’ Super-Rare Indicator Says

Bitcoin (BTC) Ready for ‘Impulse,’ Super-Rare Indicator Says

‘Bitcoin moves when liquidity flows.’ Analysts believe Bitcoin’s (BTC) bottom is near. The fundamentals of Bitcoin (BTC) price correlation with critical macroeconomic indicators are still being researched, but some obvious patterns have already emerged. One of them has just flashed a highly unusual bullish signal.

‘When liquidity flows, Bitcoin moves’According to an analysis shared with his 400,000 Twitter followers by an anonymous researcher known as @TechDev 52, Bitcoin (BTC) may be on the verge of a major surge based on the indicator that has expertly predicted its upsurges throughout the orange coin’s entire history.

He studied the dynamics of the rate differential between China Government Ten-Year Bonds (CN10Y) and the US Dollar Index (DXY). This indicator has recently surpassed its one-year moving average line. In addition, the momentum indicator moving average convergence/divergence (MACD, or MAC-D) has returned to the “green zone,” which is traditionally associated with “bullish” sentiment. This combination of factors has been a valid optimistic signal for Bitcoin (BTC) five times in its history — in 2010, 2012, 2013, 2017, and 2020. Its most recent appearance resulted in an 8x increase in the price of Bitcoin (BTC) in Q4, 2020-Q1, 2021.

Bitcoin (BTC) bottom is highly likely in, analysts sayThe most impressive surge ever recorded occurred in 2010, when the BTC price increased by 47,000% in a matter of months. While Bitcoin (BTC) attempts to reclaim $24,000 for the second time, the Alternative.me Fear and Greed Index has remained in the “Greed” zone for five consecutive days. According to U. Earlier today, Bitcoin (BTC) analysts claimed that numerous indicators indicated that the Bitcoin (BTC) price had reached a bottom.

 

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