Bitcoin (BTC) traders may be experiencing some "extreme panic," but one analyst argues that practically all the technical metrics point to toll upside.

Speaking to Cointelegraph on Dec. 16, Filbfilb, co-founder of trading platform Decentrader, listed more than 20 signs that bullish momentum should exist next for Bitcoin.

"Plenty at that place" for a Bitcoin upside breakout

BTC/USD gained with equities tardily Wed thanks to comments on policy from the The states Federal Reserve.

Reaching $49,300, the pair then began to consolidate beneath the $49,000 mark, a point at which it remains at the time of writing.

Crypto Fear & Greed Index. Source: Alternative.me

Sentiment, notwithstanding, has all the same to bear witness any organized religion in the short-term future of BTC cost action, with the Crypto Fearfulness & Greed Index at just 29/100 — something Filbfilb believes is misplaced.

"Basically looking at it, I call back there is reason to think that there is enough there to think that we could interruption to the upside and I feel like no trading exposure doesn't fit the analysis," he summarized.

An accompanying list of bullish triggers numbered 21 items and included seller exhaustion, miner aggregating and a selection of on-chain metrics.

In the surly campsite, by dissimilarity, were just four — the lost xx-calendar week moving average, 50- and 100-24-hour interval moving averages, bear signals on the iii-mean solar day chart and a "horrible" weekly chart.

BTC/USD one-day candle nautical chart (Bitstamp) with l-, 100- and 140-mean solar day moving averages. Source: TradingView

Stoch RSI lines up rare bottoming structure

His comments chime with those of others in the space, with popular Twitter account TechDev highlighting several other factors to support an imminent price uptick.

Related: Bitcoin sheds 'impaired money' equally retail buys most BTC since March 2022 crash

One of them, the stochastic relative strength index (stoch RSI), has been proven to human activity as a bull flag at local bottoms throughout Bitcoin's history.

For Jeff Ross, founder and managing managing director of Vailshire Upper-case letter Direction, stoch RSI is at present the chart to watch.