Hash Ribbons Indicator, a sign of Bitcoin Bull market?

Bitcoin dropped to $6,000 range after reaching $13,900 in 2019. But one indicator this year tells, bottom is over and Bull run is about to start soon.

Bitcoin’s Hash Ribbons indicator flashed first buy signal on the Daily and Weekly chart since $3530/3650$ on January 11th 2019.


This is just the 10th time these conditions have been met for Bitcoin.

In all other occasions when this signal flashed, we saw a bull run at each time. Additionally, the crypto market is matured, halving coming soon, recession all over the world. So these factors may turn crypto market bullish for the next couple of years according to many crypto experts.