Bitcoin Said This Indicator Could Be A Bullish Signal, Date For The Uptrend!

Cryptocurrency While the market is facing bad events one after another in 2022, Bitcoin (BTC) and altcoinThere was also a large decrease in the

While investors who suffered losses from the declines are now waiting for the bear market to end and the bull rally to begin, popular crypto analyst Kaleo said: BTCHe said an indicator in .

Kaleo, which recently launched on YouTube, has historically bitcoin of the bull market 200-day simple moving average (SMA)) He pointed out that it started with

Kaleo argued that while his strategy for the bull signal in BTC is simple, breaking the 200-day SMA will be one of the most important signals to consider before Bitcoin goes bullish.

“I think one of the most important things to watch for BTC to see really big upsides is the recovery of the 200-day simple moving average as well.

Being enthusiastic and saying ‘OK, we’re open for a little while’ is one of the things I look for.

I know this strategy is incredibly simple, but for BTC to break above the 200-day SMA is something that has been a signature for every bottom we’ve seen on this chart over the past few cycles.

That’s why I think it’s a simple but important data that needs to be monitored and followed.

Until that happens, it’s important to just stay patient.”

Besides the famous analyst bullish signal bitcoinConsolidated and there will be a new bottom in the bear market in the coming months before seeing an increase by June 2023 and BTCHe also thinks there will be a scenario where .

*Not investment advice.