Popular cryptocurrency analyst Kaleo said that a classic technical indicator could mark the beginning of a new Bitcoin (BTC) bull, and shared the historical date that he expects to rise.
popular analyst kaleo In a technical analysis video he shared on YouTube, he touched on the signs of a new bull market for Bitcoin. Historically every Bitcoin bull 200-day simple moving average (SMA) Stating that it started with the rise above it, the analyst emphasized that this signal should be followed carefully.
Although the SMA 200 is considered a simple indicator, the analyst always worked before and underlined the necessity of such a signal in order for the uptrends to go beyond deception.
I think one of the forward signals to watch for major pivots is the recovery of this 200-day simple moving average. So that’s one of the things I’m looking for so that there can be an enthusiastic and ‘Okay, we’re clean for a while’ change. It’s important to be patient until this happens.
According to Kaleo, when the current data is examined, Bitcoin’s Horizontal consolidation by June 2023 seems likely to progress. next A new bottom on Bitcoin in 6 months The analyst, who does not ignore the possibility of seeing the level of A new bull of the summer of 2023 He thinks it might be the start of his run.
