Leading cryptocurrency Bitcoin (BTC) It has returned from the $25,000 level with the rally it has experienced since the beginning of 2023.
It continues to be a matter of curiosity in which direction the direction will be in Bitcoin, which has already exceeded $ 24,000.
Saying that an indicator in Bitcoin is giving a bullish signal cryptocurrency analyst Mohit Sorout in today’s post dollar cost average (DCA) He stated that the indicator gives great warning for the bears.
Stating that the DCA indicator points to an angry bull market, the analyst pointed out that this indicator previously knew the bulls in 2015, 2019 and 2020.
Stating that this bullish signal rarely occurs, the analyst said that the DCA indicator has flashed green for the fourth time this week.
“Main indicator of all Bitcoin bullish signals flashed: DCA indicator
Historically, it has only burned three times in BTC, causing massive rallies each time it has burned.
7400% (2015), 160% (2019), 640% (2020)
Today, this signal marks a fierce bull market for the 4th time.”
the mother of all $btc bullish signals has flashed – DCA indicator
Historically, it has flashed only thrice in btc’s existence & each occurrence led to massive rallies of
7400% (2015)
160% (2019)
640% (2020)Today marks the 4th time this signal is suggesting a raging bullmarket pic.twitter.com/suMVlWFrzc
— Mohit Sorout 📈 (@singhsoro) February 16, 2023
The DCA indicator refers to an investment strategy in which a buyer allocates a fixed amount of capital to be exposed to an asset at specified intervals.
Before bitcoin We will be watching whether this indicator, which knows the bulls successfully, will be successful this time as well.
*Not investment advice.
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