This Bitcoin Signal Has Flashed Just 4 Times In History, And The Prior 3 Coincided With Bear-Market Bottoms — Here’s What To Know

• Bitcoin climbed from around $76,000 to above $80,000 on Friday.

• Glassnode said Bitcoin's Spent Output Profit Ratio remained above 1, while analyst PlanB expects a moving average near $89,000 as the next target.

• Willy Woo said Bitcoin's monthly Fisher Transform flashed a bullish crossover.

Bitcoin (BTC) rose back above $81,000 on Saturday, bringing focus to a rare technical indicator that has occurred only four times in its history.

The latest bullish crossover on Bitcoin's monthly Fisher Transform was the fourth since 2011, according to analyst Willy Woo. The previous three all preceded bear-market bottoms. Woo said, "BTC bottoms: 3 for 3 without fake-out."

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Woo stated that a turning point on the Fisher Transform, a chart tool that indicates prospective price reversals, doesn't automatically signify the trend is ready to reverse. Price can stop and then resume the same direction, as it has in past bull markets when the signal crossed bearish and eventually turned bullish again, Woo noted in a post on X.

The reason, he added, "is who is trading. Near a cycle top, long-term investors stop buying, but speculators keep piling in, he said, so price keeps increasing on momentum with numerous false turns along the way.