BTCUSD: Entering the new Bull Cycle is beyond doubt anymore
Bitcoin is extending the gains of the past 4 weeks since the start of 2023, successfully turning the 1W technicals bullish (RSI = 56.360, MACD = -1647.100, ADX = 34.695) after months of sell signals.
Since last week, it entered the light part of the Kurutoga Cloud, which has never been done during the recent Bear Cycle. In comparison with previous Bear Cycles, every time the price pierced through that Cloud, it was a signal that Bitcoin has already started the new Bull Cycle.
The RSI Cloud hasn't been that high in green since the peak of the previous Cycle, and again this is a common pattern seen on all three previous BTC Cycles.
We can, with a relative degree of safety, claim that the new Bull Cycle is beyong doubt anymore.
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Since last week, it entered the light part of the Kurutoga Cloud, which has never been done during the recent Bear Cycle. In comparison with previous Bear Cycles, every time the price pierced through that Cloud, it was a signal that Bitcoin has already started the new Bull Cycle.
The RSI Cloud hasn't been that high in green since the peak of the previous Cycle, and again this is a common pattern seen on all three previous BTC Cycles.
We can, with a relative degree of safety, claim that the new Bull Cycle is beyong doubt anymore.
## If you like our free content follow our profile to get more daily ideas. ##
## Comments and likes are greatly appreciated. ##
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Over 65% accuracy on Private Signals Channel.
Over 15% return monthly on our Account Management Plan.
Account RECOVERY services.
Free Channel: t.me/investingscopeofficial