Bitcoin (BTC) is showing a rare signal that could trigger a price increase of over 100%

Godfrey Benjamin

Bitcoin could rise more than 100% if the rare “super trend” signal takes hold

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The crypto ecosystem is on a sustainable recovery path, with Bitcoin (BTC) price triumphantly leading the resurgence. At the time of writing, the coin is up 3.5% to $46,254.46, reaching its highest price in weeks. With the current outlook, Bitcoin has now extended its growth over the past week by 7.18%, highlighting how the market has changed overall.

Rare Bitcoin signal

According to an insight from top market analyst Ali Martinez, Bitcoin price has shown a rare “supertrend” that is now signaling a “buy” signal on the monthly charts. What is noteworthy is that, according to the analyst, the formation of these signals is accompanied by huge price increases, and the setup is already in full swing for Bitcoin too.

Martinez noted that on the four occasions this signal has appeared in Bitcoin's history, the price went parabolic, reaching 169,172%; 9,900%; Growth spurts of 3,680% and 828% respectively.

Based on this trend, Bitcoin could be primed for a rise of more than 100% if the historical context of the rally proves true again. This ambitious price level could mean another break above the $100,000 price mark, a trend that will confirm market analysts' predictions over the past few months.

The fundamentals are ripe

While the technical setup of the Bitcoin price suggests that a major uptrend is imminent, the fundamentals also radiate positivity given the influence of the spot Bitcoin ETF.

Furthermore, the upcoming Bitcoin halving is also a major catalyst that can propel price growth in a remarkable way in the long term. Scheduled for sometime in April, market leaders like Samson Mow are optimistic that a mega-run is imminent.

This expert's thesis is based on the supply shortage triggered by spot Bitcoin ETF issuers and the overall impact of the halving event.

About the author

Godfrey Benjamin

Godfrey Benjamin is an experienced crypto journalist whose main goal is to educate everyone around him about the prospects of Web 3.0. His love for cryptocurrencies was born when, as a former banker, he discovered the obvious advantages of decentralized money over traditional payments. Due to his extensive experience in various aspects of Web3, Godfrey's articles have been published on Blockchain.news, Cryptonews and Coingape, among others.

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