Noticed an interesting movement on the Bitcoin chart — after a month of stability, the BRS technical signal finally started changing its position. Analyst Murphy analyzed this pattern: when BRS reaches 100, it’s a buy signal for a rebound, and the exit is when BRS returns to zero. Simple logic, but the statistics are impressive: from 2018 to 2022, there were 11 such signals, 9 of them worked out, 2 did not. That’s about 82% accuracy based on historical data.

In early February, BRS again reached 100 when Bitcoin’s price was $75,000. Currently, BTC is trading above that level (current price around 77.8K), and now BRS has started descending from 100 to zero. This could be interesting for those catching rebounds or thinking about closing positions. The BRS signal this time is developing after a long period of waiting — let’s see if it will be among the successful ones or join the rare failures.