Bitcoin News
By Maheen Hernandez
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What the Fisher Lines Are Actually Saying. That monthly signal doesn't exist in isolation. Bitcoin's weekly chart has been building a…
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Why Speculators Make the Signal Cleaner — or Messier. There's a structural reason Woo thinks bear-market bottom signals from the Fisher Transform tend…
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Skepticism Isn't Gone. Woo himself isn't calling this a guaranteed bull run.
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Bitcoin might be setting up for something big. A rare technical signal — one that's only fired three times before in Bitcoin's entire history — just triggered again, and analyst…
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The indicator in question is the Fisher Transform, a tool built in 2002 that smooths out price action to show trend strength rather than raw price movement.
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The July crossover came in at a reading of -2.26.
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That monthly signal doesn't exist in isolation. Bitcoin's weekly chart has been building a separate bullish Fisher structure since late last year.
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Woo saw the same setup in 2022. That divergence, on the weekly chart, lined up with the tail end of Bitcoin's last full bear market.
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Bitcoin's price was sitting around $90,000 when these signals started getting attention. But it also touched a 21-month low near $57,000 on July 1.
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There's a structural reason Woo thinks bear-market bottom signals from the Fisher Transform tend to be reliable, and it comes down to who's actually in the market at those moments.
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Speculative traders — the crowd that piles in during uptrends and chases short-term moves — tend to disappear during prolonged bear phases. That absence matters.
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See also: Robinhood Users Face Hidden $1,426 Bitcoin Spread Amid Insider Charges
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Woo put it this way: "When price falls to a point where investors find value, buy-pressure fires back up but we are devoid of speculators.
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It's a reasonable framework. Bear markets shake out the weakest hands. What's left is a smaller group of longer-term accumulators.
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But here's the problem with July's low near $57,000: Woo didn't see that kind of broad accumulation. Only a few large-volume investors were active at those levels.
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