BTC Fisher Transform crosses signal fourth-ever monthly bullish signal

Bitcoin’s latest monthly Fisher Transform indicator crossover—occurring at -2.26 in July—represents the fourth-ever bullish signal in the cryptocurrency’s history, according to analyst Willy Woo. The indicator, which smooths price action to identify trend strength, has historically preceded major bear-market bottoms, including one in late 2022 when it registered -3.83. A weekly bullish divergence has also emerged, echoing the closing stages of the previous bear market, with the indicator’s swing low of -2.85 recorded in December 2023 at around $90,000 per BTC. However, Woo notes that while the crossover suggests a potential long-term floor, speculative trading activity may introduce volatility, as seen in past bull markets where bearish crossovers later reversed to bullish signals. This dynamic is less pronounced during bear-market bottoms, where institutional accumulation tends to dominate, reducing fake-outs. Despite onchain signals indicating a possible bottom near $57,000 in July, Woo observed limited buyer interest at those levels, with only a few large-volume investors accumulating. The indicator’s divergence pattern aligns with past cycles, but market participants remain cautious about confirming a sustained uptrend without stronger confirmation from broader onchain activity and institutional demand.