Technical indicator signals potential mid-to-long-term BTC reversal

A technical indicator is signaling a potential mid-to-long-term bullish reversal for Bitcoin, Cointelegraph reported. The outlet cited crypto analyst Coinvo Trading, who observed that the Stochastic RSI for both U.S. and Chinese 10-year Treasury yields has formed a bullish cross in conjunction with Bitcoin's weekly chart. The analyst added that this pattern has appeared just before the last four major bull runs. However, Cointelegraph noted that the market remains in a defensive phase, as on-chain data still points to weakness and spot Bitcoin ETFs have recorded net weekly outflows.