Same Bitcoin Price Signal That Preceded 330% Jump Flashes Again

After months of brutal downtrend, it seems that bulls are returning to the Bitcoin (BTC) market. Since the leading cryptocurrency hit $6,400 earlier this month, bulls have taken control of the asset, pushing it from those multi-month lows to as high as $7,700 just this morning prior to a 4% drop.
Related Reading: CME Futures Data: Institutions Still Wary Despite Bitcoin’s Bullish Signs
While some argue that it is too early to tell whether or not the macro trend is turning bullish, a k