Bitcoin (BTC) is displaying signs of bullish momentum, aiming for the $30,000 threshold following weeks of consolidation. Given the current price movement, investors are eager to identify potential signals for the next rally and a possible accumulation zone.
In this line, in an X (formerly Twitter) post on September 30, crypto analyst CryptoCon suggested that Bitcoin may be at a cycle bottom, presenting what can be considered to be a final call for accumulation before a potential upswing in prices.
CryptoCon’s analysis centers around the “Ultimate Oscillator,” a technical indicator that has rarely, if ever, signaled Bitcoin’s cycle bottom in the past. However, This time, the indicator has crossed into the cycle bottom zone outside the bottom, marking a unique and possibly significant occurrence.
Bitcoin seven-day price chart. Source: Finbold
“The Ultimate Oscillator thinks Bitcoin is at a… cycle bottom? For the first time ever, the indicator has crossed into the cycle botto
We współpracy z: https://finbold.com/accumulation-opportunity-looms-for-btc-time-to-ride-the-bitcoin-train/
