Bitcoin metric prints 'mother of all BTC bullish signals' for 4th time ever
The Bitcoin dollar cost average (DCA) indicator is firmly in "raging" bull market territory, while analysts consider whether its signals are too good to be true. A Bitcoin (BTC) price indicator has flashed green for just the fourth time ever this week in a major warning to bears. In a tweet on Feb. 16, crypto market analyst Mohit Sorout announced that the Dollar Cost Average (DCA) Indicator was now “suggesting a raging bull market.” DCA breakout last preceded 640% BTC price upside The latest Bitcoin metric to flip bullish on long timeframes, DCA is even getting attention from major Bitcoin investment circles. Its buy signals are rare, with Sorout seeing just three throughout Bitcoin’s history — but all of that precluded serious BTC price upside. “Today marks the 4th time this signal is suggesting a raging bullmarket,” he wrote in comments, describing the event as “the mother of all btc bullish signals.” The mother of all $btc bullish signals has flashed - DCA indicator His...