Bitcoin (BTC) Ready for 'Impulse,' Super-Rare Indicator Says

The principles of Bitcoin (BTC) price correlation with crucial macro-economic indicators is still yet to be studied, but some obvious patterns have already formed. One of them has just flashed a super-rare bullish signal.

'When liquidity flows, Bitcoin moves'

According to an analysis an anonymous researcher who goes by @TechDev_52 on Twitter shared with his 400,000 followers, Bitcoin (BTC) might be on the verge of a major impulse based on the indicator that masterfully predicted its upsurges during the entire history of the orange coin.

When liquidity flows, #Bitcoin moves.

CN10Y / DXY broke above its 1-year MA...

And its monthly MACD has crossed bullish.

5 out of the last 5 times, a major #BTC impulse followed.

What happens this time? pic.twitter.com/zfLBst3K9Y

— TechDev (@TechDev_52) February 3, 2023

He tracked the dynamics of the ratio between the rates of China Government Ten-Year Bonds (CN10Y) and the U.S. Dollar Index (DXY). This indicator has just broken above its 1-year moving average line.

Also, the moving average convergence/divergence (MACD, or MAC-D) indicator that follows momentum is back to the "green zone," which is traditionally associated with "bullish" sentiment.

For the five times in Bitcoin (BTC) history — in 2010, 2012, 2013, 2017 and 2020 — this combination of factors was a valid optimistic signal for the largest cryptocurrency. Its last appearance resulted in an 8x upsurge of the Bitcoin (BTC) price in Q4, 2020-Q1, 2021.

Bitcoin (BTC) bottom is highly likely in, analysts say

The most impressive impulse ever was registered in 2010, when the BTC price added 47,000% in a few months.

As Bitcoin (BTC) is trying to reconquer $24,000 for the second time, its Alternative.me Fear and Greed Index has stayed in the "Greed" zone for five days in a row.

As covered by U.Today previously, Bitcoin (BTC) analysts have already claimed that numerous indicators signaled that the bottom for the Bitcoin (BTC) price is in the past.

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For instance, stablecoin dynamics and long-term holder behavior are all bullish as of February 2023.