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While there is little on the chart, the trader drew attention to two previous bouts of price action in BTC’s history, during which the price rallied by 32% and 40%, respectively, after a bullish divergence was formed between his indicator and the price.

The same divergence is forming yet again, implying that BTC could soon rally by up to 40%, which would mean the price of the asset would take $10,000. Well, guess what? You get your 10 grand worth of gold back. Unless the price goes up for real.

Conclusion:

He later remarked that for him to conclude that the bottom is in, BTC will have to rapidly move out of the abovementioned descending channel on a large influx of volume, implying a selling climax, to fall into support, bounce, then continue sideways in preparation for the next macro move.

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