What are the indicators that suggest bitcoin has bottomed out?

1 answers

• Juicy CoutureAug 26, 2022 · 3 years ago
  As an expert in the cryptocurrency industry, I can tell you that there is no foolproof indicator that can guarantee that bitcoin has bottomed out. However, there are several indicators that can suggest a potential bottom. One such indicator is the accumulation of bitcoin by institutional investors. When large institutions start buying bitcoin in significant quantities, it can indicate that they believe the price has reached a bottom and is likely to rise. Another indicator is a decrease in the number of short positions on futures exchanges. When traders start closing their short positions, it can suggest that they expect the price to start rising. Finally, technical analysis indicators, such as the moving average convergence divergence (MACD) or the Ichimoku cloud, can provide insights into the trend and momentum of bitcoin's price, which can help identify potential bottoms.
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