Cryptocurrency analyst Caleb Franzen, founder of Cubic Analytics, suggested that Bitcoin BTC/USD could potentially reach a high of $180,000. This prediction is based on a new bull signal that hints at a repetition of historical gains.

What Happened: Franzen revealed that the Bitcoin Williams%R Oscillator, a tool used to measure the strength of price trends, is flashing a rare bull signal for only the fourth time in history.

According to Franzen, Bitcoin just completed its highest monthly close since October 2021. The 36-month Williams%R Oscillator has closed above the overbought level for the fourth time in history, a signal that has previously appeared in 2013, 2016, and 2020.

These years…

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