Bitcoin Gains Bullish Signal as Fisher Transform Posts Rare Crossover
Bitcoin bullish signal points to a possible bear-market bottom as Fisher Transform Weekly divergence and past crossover history suggest a stronger rebound may follow
Bitcoin is showing a new technical signal that some analysts view as consistent with past bearmarket bottoms. According to market analyst Willy Woo, the monthly Fisher Transform indicator recently produced its fourth bullish crossover in Bitcoin’s history.
Woo said earlier Fisher Transform crossovers have appeared near major turning points, including the end of the 2022 bear market. He also noted that the weekly chart continues to show a bullish divergence, with the indicator making higher lows while Bitcoin’s price has made lower lows.
The article says the pattern resembles conditions seen during the final stages of Bitcoin’s previous downtrend, though Woo also cautioned that price could still move sideways or dip further before any stronger recovery develops. The report frames the signal as one data point among several, rather than a certainty about Bitcoin’s next move.