Recently, Bitcoin (BTC) has attracted the attention of the cryptocurrency world. After weeks of stability and consolidation, the famous digital asset finally shows signs of a possible push towards the US$30,000 level.
In a scenario where investors are always looking for new opportunities, analyzing indicators and signals can be the key to identifying the next big market move. At the time of publication, the price of BTC was quoted at US$27,150.00, up 0.5% in the last 24 hours.
With blockchain technology constantly evolving and cryptocurrencies increasingly becoming a reality in the global economy, analysts are always looking for ways to interpret future movements. And that was exactly what fez analyst CryptoCon, who shared his findings on the X platform.
The interpretation of CryptoCon is centered on the “Ultimate Oscillator”. For those who are not familiar, this is a technical indicator that, on previous occasions, did not signal the lowest point in the Bitcoin cycle. But, it appears the tide is changing. This time, this oscillator crossed a significant mark, indicating a potential change in Bitcoin’s behavior, and the possible start of a new bullish cycle.
For the first time, the indicator crossed the lower zone of the cycle, outside the bottom.
Why would you try to wait for it to go down any further?
Of course, Bitcoin is offering you one last opportunity to accumulate, but most people will waste it predicting a recession and worrying about the macro.
So simple, really.
However, as with any technical analysis, it is essential to remember that crypto markets are volatile and influenced by a number of external factors. But according to CryptoCon’s analysis, we are witnessing a rare event in the world of cryptocurrencies.
The views and opinions expressed by the author, or anyone mentioned in this article, are for informational purposes only and do not constitute financial, investment or other advice. Investing or trading cryptocurrencies carries a risk of financial loss.