Bull Signal in Bitcoin? The analyst drew attention to the months of March and April: Here is the data

A few days ago, Bitcoin had regressed to the level of $ 19500, and the hope of many investors in the market decreased.

Banks that collapsed in the USA and as a result, USDC’s money remained in one of these banks had a negative impact on the crypto money market.

Then, after the US Government’s statements that relieved the market and the US inflation data that came within expectations today, a rally was seen in cryptocurrencies.

Seeing over $26,000, Bitcoin has seen its highest level since June 2022.

This rise in the middle of March, “Has a bull arrived in Bitcoin?It also brought questions to mind.

After this upward move we experienced in the middle of March, the share of the analyst known as Crypto Poyraz on Twitter in December 2022 came to mind.

Drawing attention to the “Pi Cycle” indicator, which was calculated with the average prices of 350 and 111 days in December, Crypto Poyraz stated that this data has always given correct results before and that if it goes like this, the bull season may begin in March and April.

When an approximate calculation is made based on this analysis. 2nd Quarter of 2023. In other words, strong bull attacks can start in MARCH APRIL 2023. #bitcoins

— CRYPTO POYRAZ (@Kripto_Poyraz) December 18, 2022

When an approximate calculation is made based on this analysis; 2nd Quarter of 2023. In other words, strong bull attacks can start in MARCH APRIL 2023.

After this upward move in March, this post came up again. Indeed, looking at the indicator, it seems that it correctly predicted previous bull cycles.

At this stage, the interest rate decision of the FED on March 22 is in the attention of the entire market. Inflation data, which came in line with expectations, strengthened the possibility that the FED will increase interest rates by 25 basis points.

The fact that banks have been going through a troubled period recently and inflation is at better levels than before, especially in the USA, may have signaled that the Fed will ease the markets with a more dovish approach. If this situation continues, as the analyst said, the probability of seeing good accelerations in Bitcoin in March and April will increase even more.

*Not investment advice.