Key points:
Bitcoin’s “cleanest trend indicator” is flashing bullish for the first time since mid-2024.
Previous signals mostly resulted in a BTC price blow-off top over the coming year.
Market commentators remain firmly bullish on price trajectory during consolidation after Bitcoin’s latest all-time high.
Bitcoin (BTC) is prepared for its “next major leg up” as a long-term indicator triggers for the first time since mid-2024.
Analysis uploaded to X by trading account Stockmoney Lizards on May 28 described an “obvious” BTC price breakout signal.
Analysis on Bitcoin breakout signal: “We’re there”
Bitcoin is ready to repeat its run to a cycle top, just like in 2016 and 2020, Stockmoney Lizards reports.
The Optimized Trend Tracker (OTT) tool, which offers price trend insights using moving averages and average true range data, is primed for Bitcoin’s next blow-off top.
“The pattern is so obvious it hurts,” the X post claims, calling OTT