According to U.Today, well-known trader Josh Olszewicz said that Bitcoin may be about to usher in another bear market reversal. His indicator consists of five different lines, two of which make up the cloud (which can be red or green). The blue line is called the 'conversion line' or 'Tenkan' line, which represents the average of the past nine cycles. The red line is called the 'baseline' or 'Kijun' line, which shows the midpoint price of the previous 26 cycles. If the price of Bitcoin falls below the Kijun line, it means that it has a bear market tendency. Olszewicz pointed out that Bitcoin has experienced its first Kijun touch since breaking out in early June. Although the price of the top cryptocurrency may still have the possibility of recovery, traders believe that the previous 'triple top' structure actually indicates a bear market reversal. It is worth mentioning that the thickness of the cloud is directly related to the strength of momentum. For example, in mid-December, the red cloud became thinner and thinner, which indicated the beginning of another round of downward trend. Bitcoin has risen 73.74% so far this year.