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Bitcoin metric prints 'mother of all BTC bullish signals' for 4th time ever

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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

Historically, it has flashed only thrice in btc's existence & each occurence led to massive rallies of
7400% (2015)
160% (2019)
640% (2020)

Today marks the 4th time this signal is suggesting a raging bullmarket pic.twitter.com/suMVlWFrzc

— Mohit Sorout (@singhsoro) February 16, 2023

DCA refers to an investment strategy whereby a buyer allocates a set amount of capital to gain exposure to an asset at set intervals. This could be buying $10 per week in Bitcoin, for example, and the concept is regularly touted as an optimal way of gaining exposure to volatile cryptocurrencies.

The DCA Indicator measures the relative profitability of a hypothetical DCA strategy involving $1 buys per day for a year.

Once it crosses into profitable territory, marked as 365 on its scale, major bull markets begin, Sorout argues. An exception appears to be mid-2022, when a move above the 365 mark subsequently reversed and BTC/USD began its journey to multi-year lows near $15,600.

Nonetheless, amid an atmosphere of increasing faith in Bitcoin’s 2023 recovery enduring, others were also willing to give the latest breakout the benefit of the doubt.

“Rare massive Bitcoin Buy signal,” Dan Tapiero, founder and CEO of 10T Holdings, declared in a repost of Sorout’s findings.

Bitcoin price death crosses and a "failed breakout"

Beyond DCA, another rare bull signal this month comes in the form of the Williams %R Oscillator, Cointelegraph reported.

Related: Bitcoin gained 300% in year before last halving — Is 2023 different?

Depending on the timeframe, however, its Bitcoin bull run signals do not yet point unequivocally to the moon.

Caleb Franzen, senior market analyst at Cubic Analytics who flagged the breakout, is meanwhile warning that Bitcoin’s latest trip to six-month highs represents a “failed breakout.”

Oof. pic.twitter.com/U9BpVVhzaq

— Caleb Franzen (@CalebFranzen) February 16, 2023

The largest cryptocurrency also faces a major hurdle in the form of several moving averages (MAs) overhead, these acting as resistance for much of 2022.

Data from Cointelegraph Markets Pro and TradingView further showed two MAs in particular forming a "death cross" for the first time ever this month.

51bc49ab-649d-4f48-9e0e-05fe0a80b90f.pngBTC/USD 1-week candle chart (Bitstamp) with 50, 200MA. Source: TradingView

The views, thoughts and opinions expressed here are the authors’ alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.

Source

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  • 15.10.25 18:07 crypto

    Cryptocurrency's digital realm presents many opportunities, but it also conceals complex frauds. It is quite painful to lose your cryptocurrency to scam. You can feel harassed and lost as a result. If you have been the victim of a cryptocurrency scam, this guide explains what to do ASAP. Following these procedures will help you avoid further issues or get your money back. Communication with Marie ([email protected] and WhatsApp: +1 7127594675) can make all the difference.

  • 15.10.25 21:52 harristhomas7376

    "In the crypto world, this is great news I want to share. Last year, I fell victim to a scam disguised as a safe investment option. I have invested in crypto trading platforms for about 10yrs thinking I was ensuring myself a retirement income, only to find that all my assets were either frozen, I believed my assets were secure — until I discovered that my BTC funds had been frozen and withdrawals were impossible. It was a devastating moment when I realized I had been scammed, and I thought my Bitcoin was gone forever, Everything changed when a close friend recommended the Capital Crypto Recover Service. Their professionalism, expertise, and dedication enabled me to recover my lost Bitcoin funds back — more than €560.000 DEM to my BTC wallet. What once felt impossible became a reality thanks to their support. If you have lost Bitcoin through scams, hacking, failed withdrawals, or similar challenges, don’t lose hope. I strongly recommend Capital Crypto Recover Service to anyone seeking a reliable and effective solution for recovering any wallet assets. They have a proven track record of successful reputation in recovering lost password assets for their clients and can help you navigate the process of recovering your funds. Don’t let scammers get away with your hard-earned money – contact Email: [email protected] Phone CALL/Text Number: +1 (336) 390-6684 Contact: [email protected] Website: https://recovercapital.wixsite.com/capital-crypto-rec-1

  • 15.10.25 21:52 harristhomas7376

    "In the crypto world, this is great news I want to share. Last year, I fell victim to a scam disguised as a safe investment option. I have invested in crypto trading platforms for about 10yrs thinking I was ensuring myself a retirement income, only to find that all my assets were either frozen, I believed my assets were secure — until I discovered that my BTC funds had been frozen and withdrawals were impossible. It was a devastating moment when I realized I had been scammed, and I thought my Bitcoin was gone forever, Everything changed when a close friend recommended the Capital Crypto Recover Service. Their professionalism, expertise, and dedication enabled me to recover my lost Bitcoin funds back — more than €560.000 DEM to my BTC wallet. What once felt impossible became a reality thanks to their support. If you have lost Bitcoin through scams, hacking, failed withdrawals, or similar challenges, don’t lose hope. I strongly recommend Capital Crypto Recover Service to anyone seeking a reliable and effective solution for recovering any wallet assets. They have a proven track record of successful reputation in recovering lost password assets for their clients and can help you navigate the process of recovering your funds. Don’t let scammers get away with your hard-earned money – contact Email: [email protected] Phone CALL/Text Number: +1 (336) 390-6684 Contact: [email protected] Website: https://recovercapital.wixsite.com/capital-crypto-rec-1

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