Bitcoin (BTC) plans to move higher and further squeeze bears in the brusque term, several price indicators suggest.

As the week begins, a group of measurements — some surprisingly accurate historically — are combining to make traders firmly bullish on BTC.

Guppy repeats April 2022 bull signal

Leading the positive signs is a useful but somewhat forgotten indicator dubbed the Guppy. This is a drove of exponential moving averages which has flashed light-green on the daily chart for the get-go time in around 300 days.

The interval is significant — the final flip from crimson to light-green for Guppy was on April 9, 2022, coinciding with Bitcoin's rapid rise to highs of $13,800.

Earlier that, Guppy besides turned bullish on Jan. 14, 2022, when Bitcoin briefly rose to a higher place $nine,000 on the mode down from the all-time high a month earlier.

Bitcoin's Guppy indicator bull and bear phases

Bitcoin'due south Guppy indicator bull and bear phases. Source: Hsaka/ Twitter

Puell Multiple: Mined Bitcoins almost price too fiddling

A second sign that bullish momentum is building for Bitcoin lies in the and then-called Puell Multiple.

Used to identify the cryptocurrency'southward price cycles, the tool allows traders to tell from a miner's perspective when the value of newly-mined Bitcoins is historically too high or too depression.

Puell spiked during the 2022 highs, bottoming a year afterward in Jan 2022 when BTC/USD traded at under $4,000.

At nowadays, the indicator suggests Bitcoin is significantly closer to the "likewise depression" expanse than its lifetime highs.

Bitcoin Puell Multiple with peaks and troughs highlighted

Bitcoin Puell Multiple with peaks and troughs highlighted. Source: Glassnode/ Twitter

$8K flips from resistance to support

Zooming in, steady enthusiasm is already creeping into traders' forecasts over again. For regular Cointelegraph contributor Michaël van de Poppe, current action ways $eight,000 has now formed a fresh support level.

BTC/USD has gained around three.8% since Friday, having bounced off local lows around $viii,200.

"Nice breakthrough of $8,600 level and we're back in the range. This ways that the $8,000-8,100 level has now flipped as support," he summarized in a Twitter update on Jan. 27.

Van de Poppe connected:

"Eyeing to run into a retest of $8,500. Holding that and we can aim for $8,900."

Mayer Multiple hints at a firm buying opportunity

A classic guidance indicate for Bitcoin comes in the course of the Mayer Multiple, which is as well firmly supportive of Bitcoin as a buying opportunity this calendar week.

The brainchild of Proof of Keys organizer, Trace Mayer, the Mayer Multiple divines to what extent it is profitable to purchase Bitcoin at a particular time.

To arrive at its conclusions, it uses the current Bitcoin price versus its 200-twenty-four hours moving average. When the multiple is beneath ii.4, Mayer says, long-term Bitcoin buys saw "the best long-term results."

The current multiple is 0.97 and has been college 63% of the fourth dimension since Bitcoin was created eleven years agone.

Bitcoin Mayer Multiple with 2.4 boundary highlighted

Bitcoin Mayer Multiple with two.4 purlieus highlighted. Source: Mayermultiple.info