Bitcoin monthly chart flashes fourth bottom signal in history, Willy Woo says

Bitcoin’s monthly chart has produced a golden cross in the Fisher Transform indicator, marking the fourth bottom signal in history, on-chain analyst Willy Woo said on X.

Woo added the signal does not necessarily indicate an immediate trend reversal or buying opportunity. Price could move sideways for a period before continuing its existing trend, and there have also been cases in bull markets where the Fisher Transform turned back to a golden cross after first forming a dead cross.

Source: Coinness