Bitcoin (CRYPTO: BTC) is flashing enough bullish signals to suggest its cycle low may already be in, but several historically reliable bear market indicators have yet to fully reset.
Bullish Signals Vs. Bears’ Historical Data
Analyst Benjamin Cowen on Thursday compared a broad set of on-chain, technical, sentiment and cycle indicators to assess whether Bitcoin has already bottomed or still faces another leg lower.
While several indicators favor bulls, the overall evidence remains mixed.
Bitcoin’s weekly RSI has already fallen to levels associated with prior major lows, while monthly RSI has also reset substantially.
