Alright, family! Do you remember that technical signal that sounds legendary, the "Golden Cross"? 🧐 Well, Bitcoin ($111,877) is touching it again, and if confirmed, we could be talking about record-breaking profits, once again! 🚀
Here there are no mysteries, just trading mathematics. The Golden Cross is when the 50-day price average (short term) crosses above the 200-day price average (long term). In layman's terms: the momentum is shifting from bear (downward) to bull (upward). And when that has happened before, the rally has been crazy.
Analysts, like Mister Crypto, are throwing us the explosive data:
In 2017, the Golden Cross gave us a 2200% rise! 🤯
In 2020, it was a respectable 1190%! 📈
Now, the magic number is $110,000. If Bitcoin keeps dancing above that level, analyst Mac also says that things look good, with the possibility of a short-term rebound. But be careful, if it doesn't hold that floor, it could signal the end of the current cycle. It's a CRITICAL support level, like the last defense before the current cycle changes direction. Take note! ✍️
And it doesn't stop there. Sometimes, what happens on Wall Street affects our cryptos, right? Tom Lee from Fundstrat gives us an interesting perspective: the recent stock market drop, although strong, could be a sign that it has already hit the bottom in the short term. When volatility (measured by the VIX) spikes suddenly, it's common for traders to seek safety instead of continuing to sell. In other words, panic sometimes turns into a rebound. 🔄
Finally, let's not forget the geopolitical context that always makes noise. The announcement of a 100% tariff on Chinese imports by the U.S. president (in response to China's restrictions on rare earths) is a hot topic that stirs global markets. And we already know that global uncertainty always has a domino effect, even on Bitcoin. 🌎
The question is: With the ghost of epic gains (2200% and 1190%) on the table, and with Bitcoin flirting with the level of $110,000, do you think we are on the brink of another parabolic rally or will this Golden Cross be a false alarm?$BTC