Bitcoin Flashes ‘Most Accurate’ Bull Signal, Hinting At Major Bull Run For BTC ⋆ ZyCrypto

Bitcoin (BTC) just flashed a familiar macroeconomic setup that previously preceded a massive price rally. One analyst highlighted a recurring sequence linking the U.S. 10-year Treasury Yield, China’s 10-Year Government Bond Yield, and BTC’s price, suggesting a similar impact could unfold for the maiden crypto.

Reliable Bitcoin Price Signal Hints At 600% Rally

Bitcoin (BTC) remains stuck in limbo below $90,000 on Tuesday as gold extends its blistering rally and odds of a U.S. government shutdown rise.

The premier crypto retraced back to $87K lows over the past week, with momentum weakening after January’s meteoric rally fizzled. BTC is currently trading at $87,698, down 3.8% over the last seven days, CoinGecko data shows. The crypto is also down over 10% from its mid-January peak near $97,900 amid the persistent market-wide weakness.

Adding to the pressure are persistent redemptions from spot Bitcoin exchange-traded funds (ETFs). U.S. spot BTC ETFs logged five consecutive days of net outflows totaling over $1.7 billion, suggesting a lack of risk appetite among institutional investors. On Monday, they drew in just $6.84 million.

Still, one crypto pundit has spotted a signal that suggests Bitcoin could be on the verge of a monumental triple-digit price upswing.

Bullish BTC Cross Points To An Imminent Breakout Rally 

Popular crypto analyst Coinvo Trading took to X on Jan. 26 to tell his followers that he had spotted the formation of a bullish cross involving the Stochastic RSI of the United States 10-Year Treasury Yield (US10Y) and China 10-Year Government Bond Yield (CN10Y) against Bitcoin’s weekly chart.

According to Coinvo Trading, this represents “Bitcoin’s most accurate bull run signal,” which has happened only four times in history, typically preceding significant price surges.

“Bitcoin’s most accurate bull run signal is here again. The Stoch RSI of the US10Y and CN10Y just crossed for the 5th time. Same pattern, same outcome,” the trader wrote.

Bitcoin saw a 600% Bitcoin upward march to its 2021 then-record highs of $69,000 when the Stoch RSI of the US10Y and CN10Y crossed in October 2020. Will history repeat itself?