Bitcoin's monthly Fisher Transform gives fourth bullish crossover in history
- —The crossover was recorded in July in the -2.26 zone
- —The three previous signals coincided with bear market bottoms
- —A bullish divergence has formed on the weekly chart
- —The analyst allows for sideways trading or further decline
Why it matters: If the signal is confirmed, bitcoin could enter a new long-term uptrend, but weak demand at the lows leaves a risk of sideways trading.
Source: Digital Today