Cryptocurrency

Top Crypto Analyst Pinpoints What Could Signal Reversal of Bitcoin (BTC) Into Next Bull Market

Kaleo, a popular crypto analyst and trader, has recently pinpointed the classical indicator that could trigger the entrance of Bitcoin (BTC), the largest cryptocurrency by market cap, into a new bull market.

In a new strategy session, the prominent trader said historically, every Bitcoin bull market started with price crossing above the 200-day simple moving average (SMA).

Read Also: Investment Behemoth Says Bitcoin May Retest $10,000 before Skyrocketing By Over 200%. Here’s the Timeline

Kaleo further added that watching for a break of the 200-day SMA will be one of the key signals to wait for before flipping bullish on the flagship crypto.

Kaleo noted:

“I think one of the things, really, looking forward as far as watching for big pivots, any type of shifts from where we are, is a reclaim of that 200-day simple moving average as well. So as far as getting exuberantly and a shift for ‘Okay, we’re in the clear for a little while to go,’ that’s one thing I am looking for.

“I know it’s incredibly simple but it is something that has been a signature for every single bottom that we’ve seen on this chart over the course of the past few cycles. So I think that it’s something that is simple and easy to keep an eye on… Until that happens, just remaining patient is important.”

Kaleo suggests a scenario in which Bitcoin consolidates and hits a slightly new bear market low over the coming months before seeing a spike by June 2023.


Follow us on Twitter, Facebook, Telegram, and Google News

Solomon Odunayo

Solomon is a trader, crypto enthusiast, and analyst with over four years of experience in the industry. He strongly believes that crypto assets and the blockchain will continue to gain prominence. At TimesTabloid.com, he focuses on news, articles with deep analysis of blockchain projects, and technical analysis of crypto trading pairs.

Recent Posts

As This Viral ERC20 Token Dominates The Market For Gains; TAO and XRP Slump

Top altcoins Bittensor (TAO) and Ripple (XRP) are slumping this week, but Rollblock’s (RBLK) crypto…

31 mins ago

XRP Ledger AMM Activity Spikes By 40x In One Week

The automated market maker (AMM) on the XRP Ledger (XRPL) has experienced a surge in…

42 mins ago

This Altcoin Outpacing Polkadot and Litecoin Has Been Tipped For 50x Gains In 2025

Rollblock (RBLK) has emerged as a standout in the crypto space, advancing beyond established players…

2 hours ago

Viral Penny Token Under $0.10 Primed for a 3500% Surge as it Pulls Investors Away From Shiba Inu (SHIB) and Pepe Coin (PEPE)

A new contender in the crypto market, Rexas Finance (RXS), is grabbing investor attention as…

2 hours ago

Cardano & Arbitrum Go Head to Head With Newcomer Lunex Network: Which One Will Win?

Cardano and Arbitrum, two well-established blockchain platforms are now facing fresh competition from the newcomer…

3 hours ago

Ripple Co-founder Could Become First Trillionaire if XRP Price Hits This Target

XRP Captain (@UniverseTwenty), a prominent crypto community figure on X, recently highlighted an intriguing speculative…

3 hours ago