Bitcoin BTC/USD is predicted to hit a new all-time high in the near future based on a significant trend indicator.
What Happened: Crypto analyst TechDev highlighted that Bitcoin’s on-balance volume (OBV) is currently hinting at potential new peaks for the cryptocurrency king.
The analyst highlighted that the OBV, an indicator that uses volume flow to anticipate price changes, has historically signaled this ahead of Bitcoin’s new record highs in 2017 and 2021.
“Bitcoin’s two-month OBV is at new highs. Historically, it’s meant a new ATH was no more than two months away… And a top was six to 10 [months away],” he said.
Furthermore, TechDev noted that each time the OBV hits a new high,…
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