Bitcoin Supertrend Flashes Buy Signal After Previous 700% Rally

Bitcoin’s Supertrend indicator has generated a new buy signal, turning green while the cryptocurrency traded around $84,000. Crypto commentator Rand Group highlighted the signal on September 22, 2026, noting that the indicator’s previous buy signal came when Bitcoin was trading near $16,000.

According to Rand Group, the Supertrend remained green for approximately three years during a period in which Bitcoin rose roughly 700%. The latest signal has raised hopes of another major rally, although the previous performance does not establish that Bitcoin will repeat the same move.

The last time the Supertrend flagged a BUY signal, Bitcoin was $16K. It stayed green for 3 years and 700% straight up. It just printed again at $84K 👀 pic.twitter.com/N4dGxeXFSS — Rand Group (@randgroup) September 22, 2026

Bitcoin Supertrend Points to Another Potential Rally

The chart referenced by Rand Group compares Bitcoin’s price with the Supertrend indicator. The indicator turned green in early 2023, when Bitcoin was trading around $16,000. Bitcoin subsequently entered a prolonged rally, surpassing $100,000 in December 2024 and reaching approximately $120,000 by October 2025.

The green reading lasted roughly three years before changing to a sell signal. During the subsequent decline, Bitcoin fell from above $100,000 to around $57,700 in July 2026. The Supertrend has now turned green again as Bitcoin trades near $84,000.

Bitcoin has risen 51% from its cycle low of $57,700 over the past two months. The indicator is therefore showing another buy signal after previously turning green ahead of a substantial Bitcoin advance. However, the indicator does not guarantee another major.

What the New Signal Means

The Supertrend uses an asset’s price and volatility to indicate the direction of a trend. Green generally indicates an upward trend, while red generally indicates a downward trend. The indicator shifts direction only when price crosses a volatility-based band, so its readings tend to persist for extended periods — a characteristic that draws attention each time a new signal appears.

Bitcoin’s latest green reading suggests that its trend may be turning upward again after the recent decline. The earlier 700% increase is not evidence that the same gain will occur again. The signal indicates a possible return to an upward trend but does not provide a guarantee of future price performance.

Technical Indicators and the Bear Market Question

This week, Bitcoin moved back above its 365-day moving average, which is around $83,000. CryptoQuant founder Ki Young Ju said this was the level traders were monitoring as a potential signal that the bear market had ended and institutional FOMO could resume.

Analyst Ted Pillows also cited a higher weekly high and Bitcoin’s move above its 50-week moving average as signs that the $BTC bottom was already in.

Those overlapping readings place several long-term trend measures on the same side at once, the kind of alignment technical analysts typically weigh when assessing whether a prolonged downtrend has ended.

Bitcoin’s next major technical level is around $88,761, corresponding to its two-year moving average. Holding above that level could indicate stronger upward momentum.

Bitcoin’s weekly close on September 20 was $81,159, approximately 3% above its 50-week moving average and 24% above its 200-week moving average. It was the first close above the 50-week moving average in 45 weeks. Historically, Bitcoin recoveries above the 50-week moving average have often been followed by further gains.

Upcoming weekly closes, along with Bitcoin’s behavior around the $88,761 two-year moving average, will provide the reference points traders use to judge whether the new green reading holds.

Source: CryptoNewsNet