Bitcoin adds to bull-market hopes as price metric prints fourth-ever bullish cross
Bitcoin may already have put in its latest major bottom, based on the Fisher Transform indicator. On the monthly chart, BTC recently produced a bullish Fisher crossover similar to prior bear-market lows; historical examples show this signal has marked bottoms three out of three times, with the latest cross in July at -2.26 now acting as the fourth record. If the pattern holds, BTC could begin a new macro uptrend, though further consolidation or another dip is still possible. On the weekly chart, Fisher has formed higher lows while BTC price has made lower lows, creating a bullish divergence. A similar setup appeared during the 2022 bear market before the final reversal. Even so, uncertainty remains over whether Bitcoin’s July 1 low near $57,000 was the true cycle bottom, since bid-side buying was weak and accumulation appeared limited to a few large investors.
