Bitcoin (BTC) Crossover Has Found All Bottoms, Follow This Signal For Bulls!

bitcoinA new post has come from popular analyst Will Clemente, who is known for his on-chain analysis of .

In his analysis on September 2, the analyst noted that a very rare intersection in Bitcoin history that marked the bottom would come after a $2000 drop.

The analyst’s expectation was partially fulfilled and Bitcoin fell back to $18,000 in the past few days.

Did the Expected Intersection Happen?

Sharing the current picture of this analysis, the analyst said:

“After months of waiting, the cost of short-term investors in Bitcoin has fallen below the cost of long-term investors.

This indicator is a bottom signal. Now we will wait for the average cost of short-term investors to rise above the cost of long-term investors for a bullish signal.”

A closer view of the chart shows that the intersection took place 1 day ago.

It’s Happening For The 4th Time In BTC History!

bitcoin This intersection, which has occurred 3 times in its history, BTCMarked as always.

It is not known whether history will repeat itself, but when we evaluate other indicators showing that we are at the bottom, we see that the bottom signals are increasing.

When we look at the chart, it is seen that Bitcoin has been moving sideways for a certain period of time after this intersection in the past.

Macro indicators also strengthen the expectations that the sideways trend will continue.

Considering that the worst is over after this data, we will wait for the red line (cost of short-term investors) to cross the blue line (cost of long-term investors) upwards for the bullish signal.

Will this sideways move be a good pick-up period for long-term investors? Time will show that.

*Not Investment Advice.