Bitcoin's bull cross: 8 of 8 past cases higher a year later
A rare bullish signal on Bitcoin's chart just triggered, and every past instance led to gains a year out — good news for long-term holders.
- The cross happened on October 3 and has now appeared eight times in Bitcoin's history.
- All eight previous times, Bitcoin was higher 12 months later.
- The typical gain a year after the signal has been 144%.
- This signal has shown up more often than the better-known golden cross and has had bigger long-term results.
Outlook: The one-year view is firmly bullish, though the sample size is small enough that it is no guarantee.