Bitcoin: Ichimoku Cloud Strategy Confirms Bull Cycles

Bitcoin traders seeking the strongest bull market confirmation can follow a simple Ichimoku cloud strategy: buy on weekly close above the cloud after a bear market and hold until the next close below it, as four of six cycles since 2012 produced returns from +156% to +3,266% by sell signal, with peaks reaching thousands of percent while two failures in June 2019 and February 2020 lost 19-34%.

At $87148.72, BTC price action shows a bullish trend with price testing upper Bollinger resistance near $89393 while RSI(14) at 77.4 flashes overbought conditions, making a healthy retracement to the EMA50 support level at $81817 probable before continuation, as the MACD golden cross at 1867.58 reinforces underlying strength above the EMA200 at $76735.