Analyst believes the pioneer cryptocurrency Bitcoin at a critical level.
Another confimes the arrival of a bullish golden cross formation on the BTC price chart.
He goes on to compare the gains made in previous golden cross scenarios.
The price of Bitcoin continues to sit comfortably in the $94,000 to $95,000 price range as analysts notice bullish signals and indicators on the BTC price chart. Presently, analysts confirm Bitcoin at a critical level and expect major price pumps to arrive soon. This is because Bitcoin just confirmed another bullish golden cross and analysts explore the promising gains that followed this sign in previous bull cycles.
Bitcoin at a Critical Level
The pioneer cryptocurrency Bitcoin is expected to set new ATHs in the coming days ahead. Since BTC reclaimed $90,000 prices, analysts eagerly await for BTC to reclaim 6-digit prices before heading up to hit much higher price targets. Presently, seasoned analysts and reputed traders have spotted several bullish indicators suggesting a bullish price surge in the coming weeks ahead.
In fact, one silver-tongued analyst, Doctor Profit, highlighted in his detailed report how the price of BTC will surge to hit much higher ATH targets soon after it reclaims the $100,000 price range. Specifically, he believes that reclamation of 6-digit prices is a long-time coming move, one that can propel BTC to hit much higher ATH targets from $125,000 to $250,000, and even $350,000.
https://twitter.com/Washigorira/status/1916525021926686917
As we can see from the post above, this popular analyst says that Bitcoin is at a critical level. The analyst goes on to say how BTC pulled off a solid pump of over 28% rally from the last swing low, which was BTC’s spectacular recovery in the month of April. Now as April comes to a close, this analyst believes that Bitcoin still has more to do before the month ends. To highlight, he says that a break and close above the trendline could unlock the next leg up for BTC price.
Bitcoin Golden Cross Arrives
https://twitter.com/MerlijnTrader/status/1916522736391950824
So far this bull cycle, Bitcoin (BTC), has been confirmed several golden crosses by many different analysts. As we can see from the post above, this analyst marks another golden cross on the BTC price chart and explains why this is a monumental move. In previous bull cycles, whenever the Bitcoin golden cross occurred, the price of BTC made significant price pumps bringing gains like 139% in 2016, 2,200% in 2017, and 1,190% in 2020. Thus, the analyst wonders how high the price of Bitcoin will go during this bull cycle.
