It's likely that Bitcoin will soon see a Golden Cross occur. This happens when the 50-day simple moving average (blue) crosses the 200-day simple moving average (yellow) from below. The only way in which this cross will not occur will be if we see a substantial 10%-20% drop again.
The Golden Cross pattern usually signals the start of a new huge bullish move for Bitcoin. Let's take a look at what happened before.






As you can see, the Golden Cross occurred 6 times in the history of Bitcoin. 4/6 times we've seen a substantial move from Bitcoin after the occurrence. Be aware that it has also often happened that Bitcoin went down in the short-term after the Golden Cross.
What's also interesting to see is that the moves after the Golden Cross seem to become less intense. Be aware that we only need a +225% increase to have a $100k per BTC valuation.
Do you think we will get a big bullish move after the Golden Cross? Share your thoughts🔥.
The Golden Cross pattern usually signals the start of a new huge bullish move for Bitcoin. Let's take a look at what happened before.
As you can see, the Golden Cross occurred 6 times in the history of Bitcoin. 4/6 times we've seen a substantial move from Bitcoin after the occurrence. Be aware that it has also often happened that Bitcoin went down in the short-term after the Golden Cross.
What's also interesting to see is that the moves after the Golden Cross seem to become less intense. Be aware that we only need a +225% increase to have a $100k per BTC valuation.
Do you think we will get a big bullish move after the Golden Cross? Share your thoughts🔥.
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🎯Official Channel: t.me/FieryTradingChannel
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
Похожие публикации
Отказ от ответственности
Все виды контента, которые вы можете увидеть на TradingView, не являются финансовыми, инвестиционными, торговыми или любыми другими рекомендациями. Мы не предоставляем советы по покупке и продаже активов. Подробнее — в Условиях использования TradingView.