An experienced investor has emerged, stating that there are classic indicators that Bitcoin will experience an imminent increase in value. At the time of trading, Bitcoin was at $42,709, and analyst Matthew Hyland signaled a bullish move in the short term.

According to Hyland, Bitcoin price indicators such as Bollinger bands and relative strength index (RSI) have given similar signals before, especially before the rises in recent months. Hyland analyzed the current state of the Bollinger bands and RSI, suggesting that it could be a sign of an impending move.

Bollinger bands are known as a data indicator that shows Bitcoin's price movements and when volatility may increase. Currently, the bands are narrowing on the daily time frame, which can often herald a new period of volatility.

At the beginning of the year, Bitcoin had recovered above the $30,000 level during a period when the Bollinger bands were narrowing. Hyland shared a chart with her followers showing the current narrowing situation of the bands.

RSI, on the other hand, is a momentum indicator that gives insight into how overbought or oversold Bitcoin's price is. In the second half of December, the RSI approached almost zero on daily time frames, providing important information to investors.

The RSI is currently at 53, well below the overbought line of 70. As veteran investor Peter Brandt points out, longer time frames also show positive signals. Hyland noted that the RSI is currently at its lowest levels in more than two months and expressed an uptrend expectation.

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