Willy Woo: Fisher Transform signals a bitcoin bottom for the fourth time
- —Fisher Transform has given its fourth bottom signal in bitcoin's history
- —The three previous signals since 2002 were not false
- —Woo: a bottom forms as speculators exit and long-term investors return
- —The signal does not mean a trend reversal is certain
Why it matters: A signal from a well-known analyst could support expectations of a cycle reversal, but does not guarantee a change in trend.
Source: PANews