This rare Bitcoin signal hints at start of a new BTC bull market

A rare Bitcoin (BTC) bull market signal has emerged after the cryptocurrency posted one of its strongest weekly gains in recent years, raising speculation that a new market cycle may already be underway.

The analysis comes after Bitcoin surged from around $62,700 to $79,500 in a single week, delivering a gain of more than 20%. 

The move mirrors powerful reversal candles seen at major market turning points in previous cycles, including 2019 and 2023.

According to historical analysis shared by market analyst Ali Martinez in an X post on August 22, similar explosive weekly candles have appeared near the end of Bitcoin bear markets and the beginning of new bullish phases.

Martinez noted that the latest rally resembles Bitcoin’s 2019 recovery, when the asset recorded a 31.98% weekly gain after an extended bear market. That move helped establish a new uptrend and marked the end of prolonged selling pressure.

A comparable pattern emerged in January 2023 following the collapse of FTX. At the time, market sentiment remained heavily bearish, yet Bitcoin advanced 24.90% in a single week, triggering a sharp trend reversal and laying the foundation for the next phase of the market recovery.

The current weekly candle ranks alongside those historic moves, making it one of the strongest advances of the current cycle.