Despite its price toning down after a bullish rally of the cryptocurrency market in January, the sentiment around Bitcoin (BTC) remains optimistic, as its chart patterns are giving off a buy signal, and several pointers suggest that the maiden digital asset has left the bear market.

Indeed, at the moment, Bitcoin is struggling with the 50MA (moving average), and its monthly chart is “giving us a buy signal with multiple indicators,” according to pseudonymous cryptocurrency analyst Seth who published his analysis on February 9.

(By Ana Nicenko)