Bitcoin's Rarest Bottom Signal in 15 Years Settles August 31: Here's What to Watch

A signal that has appeared only three times in 15 years and landed on a major Bitcoin (CRYPTO: BTC) bottom each time is completing on August 31, according to a prominent analyst.

What is This Bitcoin Bottom Signal?

When that chart rises, Bitcoin is losing ground to stocks. When it falls, Bitcoin is winning.

The pattern that matters is three consecutive rising bars on a four-month chart, each one higher than the last. 

That specific setup has only appeared three times in 15 years, and every single time it completed, Bitcoin was at or near a major cycle low.

How Has This Signal Performed Historically?

Why Does August 31 Matter for Bitcoin?

A fourth sequence is now forming. The first bar closed in December, the second in April, and the third is live right now. 

It has already made a higher high than the prior bar, so the pattern will complete no matter what happens next. The bar closes August 31.

Bitcoin’s price on that date adds a fourth entry to the list above. Right now that number sits near $65,000.

What Would Prove This Bitcoin Signal Wrong?

Velez lays out the failure condition clearly: If the next bar, covering September through December, closes green, it means Bitcoin kept losing ground to stocks past the exact point where the pattern has always turned around before.