Key Indicators for the Next Bitcoin Bull Run
- Bitcoin is trading at $71,750, marking a rise of 4.3% in the last day.
- The current price is still down by about 43% from its October peak of $126,000.
- CrypFlow identifies three conditions for a bull run start—breaking the descending trendline, reclaiming the -14 wave trend level, and moving above the 50-week SMA.
- These technical indicators previously signaled transitions from bearish to bullish markets.
According to CrypFlow’s analysis, Bitcoin’s recent price movements do not yet confirm a new bull cycle despite short-term rallies. The analyst emphasizes that breaking key technical levels is necessary for confirming a sustained upward trend.
The Bitcoin price needs to surpass specific chart indicators before a true bull run can be declared, highlighting the importance of these technical confirmations in market predictions.
