๐ Bitcoin's SuperTrend indicator flashes a rare buy signal, hinting at a potential revisit to the post-ETF approval high above $49,000! Here's why:
- SuperTrend turned green & moved below the price at $44,600 on Feb. 8, signaling a bullish trend ๐
- Previous confirmations led to massive rallies in 2013, 2017, and 2021 ๐ข
- Spot Bitcoin ETF shares continue to rally, with BITS gaining 6.6% in 24 hours ๐
- Inflows for BTC ETFs outpace Grayscale's GBTC outflows for 9 days straight ๐
- BTC finds support in the $42,500 zone, with the 50-day EMA acting as a strong defense for bulls ๐ก๏ธ
Keep an eye on that $48,000 to $50,000 target zone! ๐ฏ