Main points:
-
The latest golden cross in Bitcoin on the daily chart has already provides the upward trend since confirmation in late May.
-
Historically, the daily golden crosses preceded the price drawing of more than 2000 %.
-
The consensus is increasingly seen bitcoin again after merges less than $ 120,000.
Bitcoin (BTCIt has an opportunity to reach $ 155,000 in the coming months with the return of the classic bull sign.
like Note on x On Thursday by the Merlijn trader, BTC/USD witnessed a new “golden cross” on the daily chart.
Bitcoin Golden Cross is the best news for bullies
Golden Bitcoin averages, which were formed when the simple moving average (SMA) crosses the equivalent of 200 days, often raises significant gains.
Their success is varied. Sometimes, SMA fails for 50 days to stay over SMA for 200 days for a long time. Regardless of its duration, the golden cross clearly affects the BTC price.
“All. Darb. Time. This sign appears $ BTC go vertical,” said Merlijn along with a scheme that shows historical crosses.
These giant storms on the bull market included, with both 2017 and 2020 vision in the upward trend of more than 2000 % thanks to the long golden crosses.
The Golden Cross came in October 2024, when BTC/USD was traded at about $ 65,000. In the three months that followed, the husband has absolutely new levels at about 110,000 dollars.
“The same preparation. The same reference,” Merlijn said about the new cross, which was Confirm on May 22nd.
To date, the gains of the maximum bitcoin reached 12 % relatively modest. Even the short -term copies of 2016, the target for an interrupted confirmation price becomes 155,000 dollars.
like Cointelegraph mentionedBitcoin witnessed the first weekly Golden Cross at the beginning of 2024, which coincided with the beginning of the most vertical vertical trend in the Taurus market.
BTC Breakout Breakout depends on $ 120,000
During uniformity of less than $ 120,000, Bitcoin gives market participants all reasons to expect price discovery.
Related to: Is Fomo’s return? Bitco First Timers Buy 140K BTC in two weeks
Goals It is increasingly preferred 135,000 dollars As the next stop point for BTC/USD, the husband abandons macro and branches on his own.
“The daily closure above ~ ~ $ 120,000 is a high resistance, followed by a post -recovery re -test He said x Friday followers.
Rekt Capital also noted that monotheism was converting capital into altcoins.
This article does not contain investment advice or recommendations. Each step includes investment and risk trading, and readers must conduct their own research when making a decision.
publish_date
