Willy Woo Says BTC Monthly Chart Shows Fourth Historical Bottom Signal

On-chain analyst Willy Woo has analyzed that the current Bitcoin monthly chart shows a golden cross in the Fisher Transform indicator, marking the fourth historical bottom signal. However, he added that this signal does not immediately imply a trend reversal or buying opportunity. Price may consolidate for a period before continuing its existing trend, and there have been cases where the Fisher Transform switched from dead cross to golden cross even during a bull market.