Overlooked Indicator Hinting at ‘Stealth’ Bitcoin (BTC) Rallies to Fresh New All-Time Highs: Jason Pizzino

A lesser-known indicator is suggesting that Bitcoin (BTC) may experience a sudden rally to new all-time highs, according to crypto analyst Jason Pizzino. Pizzino explains that when Bitcoin’s average true range (ATR) indicator reaches a local low while the price consolidates or forms higher lows, the crypto asset has historically made “stealth moves” to the upside. To potentially signal a breakout to new all-time highs, Bitcoin needs to maintain a daily trading range average between $1,500 and $2,000 while staying above the $56,000 to $60,000 level. Pizzino highlights the Bitcoin rally seen during the early days of the Covid-19 pandemic as an example of a stealth move. He also points out that the TOTAL3 indicator, which measures the market cap of cryptocurrencies excluding Bitcoin, Ethereum, and stablecoins, resembles the sudden breakout observed in 2020. As of now, Bitcoin is trading at around $67,717.