<ul><li>Bitcoin has fallen below $60,000 but is still inside the bullish engulfing bar of September 13, indicating a short-term northward trend.</li><li>On-chain data suggests the possibility of Bitcoin printing out a bottom, with the Mayer Multiple falling to 0.9 and potentially reaching 0.7 as a market bottom signal.</li><li>The Bitcoin futures market shows hints of strength as the Futures Sentiment Index is turning up, historically indicating rising prices.</li><li>Bitcoin bulls aim to push prices higher, with a close above $69,500 potentially triggering a market fear of missing out (FOMO) and pushing the coin to new horizons.</li></ul>

Is Bitcoin Ready to Boom? This Signal Points To Strength

Discover more