Bitcoin New ATH Could Be 2 Months Away, Historic Signal Suggests

It has been revealed the fact that there is a signal that flashed for Bitcoin and the last time that we’ve seen this, a new ATH was 2 months away. Check out the latest reports about this below.

A well-known cryptocurrency analyst, who goes by the name TechDev, has suggested that Bitcoin (BTC) may reach new all-time highs in the next two months.

TechDev, who has a following of 425,000 people on the social media platform X, has stated that Bitcoin’s on-balance volume (OBV), a trend indicator that uses volume flow to predict changes in price, is indicating that new highs for BTC are just around the corner.

According to TechDev, the OBV is currently showing the same signal that preceded Bitcoin’s surge to new all-time highs in 2017 and 2021.

“It’s interesting.

Bitcoin’s two-month OBV is at new highs.

Historically, it’s meant a new ATH was no more than two months away…

And a top was six to 10 [months away].”

According to TechDev, a chart indicates that when the OBV (On-Balance Volume) hits a new high, Bitcoin also reaches a new high within one candle on the two-month chart.

Additionally, TechDev recently stated that the Vortex Indicator (VI), which he claims has never been wrong, has signaled a bullish trend in favor of Bitcoin.

The VI is utilized in technical analysis to identify trend reversals and validate current trends. Based on TechDev’s monthly chart of BTC, the VI has accurately predicted the start of strong Bitcoin rallies in three previous instances, and it is currently indicating a bullish market for the fourth time.

“A rare Bitcoin buy signal which has never missed.”

There are lots of optimistic predictions about the price of Bitcoin these days, and they continue just ahead of an acceptance of a spot BTC ETF, which is much-awaited and through to come in Q1 2024.