Key Bitcoin BTC/USD indicators suggest the apex crypto could be on the verge of a significant rally as a veteran analyst downplays the influence of the presidential election on Bitcoin’s trajectory.

What Happened: Bitcoin could be set for another rally, according to crypto analyst Caleb Franzen, who observed a sharp shift in a momentum indicator used by traders to gauge buy and sell signals.

This shift from oversold to overbought territory over a 16-week period has previously led to Bitcoin price gains of 52% and 113%, suggesting bullish potential if history repeats.

I’m just seeing this now for the first time.#Bitcoin’s 16-week Williams%R made a momentum thrust in…

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