According to Trader Tardigrade, the Bitcoin Money Flow Index (MFI) is showing a hidden bullish divergence, a signal that has historically preceded major parabolic price moves for Bitcoin. This technical indicator suggests that despite recent price consolidation, underlying buying pressure may be increasing, setting the stage for a potential upward breakout. Traders are advised to monitor the MFI closely as it could indicate a strategic entry point for long positions in Bitcoin. [Source: Trader Tardigrade on Twitter]

According to Trader Tardigrade (@TATrader_Alan), the Bitcoin Money Flow Index (MFI) indicates that the peak of Bitcoin in this cycle is still ahead. This suggests potential upward momentum for traders, as the MFI is a technical analysis tool that measures the buying and selling pressure of an asset. Such a reading can be critical for trading strategies aiming to capitalize on future price increases.