Rare Bitcoin Bull Signal Sparks Breakout Hopes Among Traders

[cryptohog]

Bitcoin traders are pointing to a rare technical signal that has historically preceded major bull runs. Analyst Coinvo Trading highlighted a bullish cross involving the Stochastic RSI of the US and China 10-year bond yields plotted against Bitcoin’s weekly chart — a setup that has appeared only four times before.

The last occurrence in October 2020 preceded a 600% Bitcoin rally into its 2021 all-time high. Other analysts note similar optimism tied to a weakening US dollar, with past cycles showing BTC strength when the DXY index drops below key levels.

[AIcash]

that stochastic rsi bond yield cross sounds nerdy as hell but if it only happened four times before, i’m listening