On-chain data analyst Murphy highlighted that the Behavior-Weighted Trend Signal (BWTS) is indicating a potential rebound for Bitcoin. Historical patterns show that when BWTS diverges from Bitcoin's price, it often marks the end of panic selling and the beginning of a recovery. The current BWTS pattern mirrors previous setups, suggesting that conditions for a rebound are present, and the recovery may continue as long as the divergence persists.
BWTS Indicator Suggests Potential Bitcoin Rebound
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