The Bitcoin market is showing positive indicators as the price ticker for BTC has dropped to €22,306. This drop marks the fourth time this week that the cryptocurrency has hit a significant indicator, leading to hopes of a new high. The Dollar Cost Average (DCA) indicator, a long-term metric for Bitcoin, is also turning green, indicating a fast-paced bull market according to crypto analyst Mohit Sorout.
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This is only the fourth time that the DCA Indicator has reached current highs in Bitcoin’s history, with each previous instance being followed by a significant price movement. Sorout notes that this development is “the mother of all positive signs for Bitcoin” and is being noticed by influential crypto investors.