Crypto
Bitcoin bear market over? 2022 bullish indicator reappears
A TD9 buy signal has appeared on Bitcoin’s monthly chart for the first time since July 2022, raising the prospect of a reversal in its long-term downtrend. Market analyst Tony Severino said Bitcoin has formed a “perfect” monthly TD9 buy setup, while warning it does not necessarily mean a bottom is in. Some traders cited the signal as noteworthy if it holds through the monthly close, even as others still watch for another low around $55,000.
