A Bitcoin buy signal fires above $65,000
A technical setup on Bitcoin's 3-day chart is lining up again, which is a bullish signal for buyers if tonight's close holds.
- Several momentum indicators are aligning at once on Bitcoin's longer-term chart.
- When this combination has appeared over the past decade, Bitcoin has gained an average of about 25% over the following three months.
- The signal only counts if the 3-day candle closes above $65,000.
- That 25% figure is an average, so past cases ranged both well above and well below it.
Outlook: If Bitcoin holds above $65,000 into the close, the setup confirms and points to a stronger three-month stretch.
## Bitcoin Levels
- **Bias:** Bullish
- **Buy / accumulate:** On a 3-day close above $65,000
- **Support:** $65,000 (the level that must hold to confirm)
- **Targets:** About 25.5% higher over three months (historical average for this setup)
- **Invalidation:** A 3-day close below $65,000