20 Bitcoin indicators turn bullish; analyst predicts rally to $150,000

Sweep: 20 Bitcoin indicators flip bullish, eye $150,000

Crypto analyst Sweep says 20 independent signals turned bullish at once. He sees Bitcoin rallying to $150,000 and a new ATH. Source, Bitcoinist.

He notes this setup appeared three times before. Each time, BTC climbed about 300%. Details.

• Global M2 hit an ATH while BTC lags, Sweep says. Source
• DXY sits near 100, the level that preceded two 500% BTC rallies, per Sweep. Source
• Exchange reserves fell to a 7-year low at 2.1 million BTC. Whales bought 270,000 BTC in 30 days, the largest since 2013. Source
• Fear & Greed stayed in extreme fear for 46 days, now at 12. Sweep
• Weekly RSI printed 27.48, third time ever. Sweep
• Funding rates turned negative for weeks. Traders pay to short. Source
• Stablecoin supply hit $320 billion. Sweep says capital sits on the sidelines. Sweep
• Miners capitulated for 4 months, the longest this cycle. Hashrate is recovering from a 22% drop. Source
• Fed moves: ending QT, reverse repo drained from $2.5T to near zero, T‑bill buys resumed. Source
• Consumer confidence sits in the second-lowest zone in 70 years. ISM manufacturing returned to expansion after 40 months. Source
• Spot BTC ETFs turned net positive in March with $2.5B inflows. On track to break a 4‑month outflow streak. Bitcoinist, SoSoValue
• BTC printed 5 straight red monthly candles. Last similar stretch preceded a 308% rally. Sweep
• 92% of short-term holders are underwater, Sweep adds. Sweep

He recalls a similar alignment in November 2022 near $16,000. Since then, BTC hit a new ATH at $126,000, he says. Source.

Spot flows turned, macro eased, and on-chain supply tightened. That’s the case Sweep makes. Summary.

At writing, BTC trades near $67,500, down on the day. Price page.