Historical Bitcoin (BTC) Bull Run In Progress, Popular Crypto Analyst Says, Here Are His Predictions

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A popular crypto analyst is doubling down on a contrary prediction that Bitcoin (BTC) is just weeks away from a massive parabolic surge well into the six-figure price range.

Aurélien Ohayon tells his 110,000 Twitter followers that the double exponential moving average (DEMA) passing the weekly median high and low (HL) has always been a very reliable indicator of the start of Bitcoin bull runs.

DEMA is a variation of a regular EMA designed to reduce noise and provide smoother signals, while Median High and Low is similar to a moving average but uses medians rather than averages.

“BITCOIN BULL RUN BEGINS.

When the double weekly EMA 100 crosses the weekly median hl2, 2, 14, 4, the historic Bull Runs begin.

Source: Aurelien Ohayon/Twitter

Ohayon also reviews the weekly Chande Kroll Stop indicator, which calculates elements of an asset’s volatility to identify potential entry points or stop losses for traders. According to the analyst, the indicator just signaled that the Bitcoin bull run is underway.

“When BTC hits the weekly Chande Kroll Stop 40, 1, 16, the historic bull runs begin.”

Source: Aurelien Ohayon/Twitter

Finally, the analyst says Bitcoin almost perfectly mimics its post-Covid crash price action today from 2020. He shares a chart illustrating BTC recovering from a price drop before finding stability on a diagonal support line and then take off to new highs. Based on the fractal, the crypto king is poised for much higher prices, according to Ohayon.

Source: Aurelien Ohayon/Twitter

At the time of writing, Bitcoin is worth $28,608.

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