Five of five Bitcoin value signals have fired
Bitcoin has hit a rare set of long-term buy signals, which is good news for patient investors willing to hold for a year or more.
- All five long-term value signals tracked for this cycle have now triggered.
- The key one is the weekly RSI touching 30, a momentum gauge that only gets this low at major market bottoms.
- Past cases that ran their course gained about 80% over the following year.
- Stretch that to three years and every single past case ended higher.
Outlook: The setup points to gains over the coming years rather than an immediate bounce, so short-term weakness would not break the case.