Markets· ★★★· bullish·

Bitcoin Supertrend Flashes Buy Signal for First Time Since 2023

  • —Supertrend flashed a buy signal with BTC near $84,000
  • —Prior 2023 signal at $16,000 preceded a 700% rally
  • —Bitcoin is up 51% from its cycle low of $57,700
  • —BTC reclaimed its 365-day moving average near $83,000
Why it matters: The technical signal coincided with BTC reclaiming its 365-day moving average, a level traders watch for confirmation that the bear market has ended.
#BTC
Source: The Crypto Basic
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