Bitcoin Explodes as Rare Bull Signal Flashes For the First Time in 10 Months

Bitcoin was trending higher through the early European session on Thursday as a very rare bull signal flashed for the first time in 10 months.
Dubbed as Ichimoku Cloud, the technical indicator turned green to identify a long-term upside trend shortly after bitcoin surged towards $9,769.70 on Wednesday. It also hinted at the imminent formation of a Golden Cross – a popular candlestick pattern that predicts an upcoming bull market.
History of Ichimoku Cloud rollovers | Source: TradingSh