Bitcoin: The Golden Cross could push BTC to $170,000
The Golden Cross. Cryptocurrency analysts love technical indicators with strong symbolic significance. That’s why terms like Death Cross or Golden Cross are regularly used to try to predict the future of the market. In this case, it’s the latter applied to the price of Bitcoin (BTC). Is this the situation that could precede a significant rise, with a new historic record on the horizon?
A "Golden Cross" is forming on the price of Bitcoin, raising expectations for a potential extraordinary rise.
Previously formed "Golden Cross" formations have often been followed by significant increases in Bitcoin prices, indicating a promising future.
A Golden Cross is forming on Bitcoin prices...
Technical indicators are very popular tools in the trading industry, especially in the highly volatile cryptocurrency market. Even if they do not allow us to predict the market's evolution with certainty, they often manage to forecast the market direction (bearish, neutral, bullish), or at least determine its current trend.
Among the most significant indicators, the formation of a Golden Cross is often a signal to announce a new bullish phase. Are we witnessing a new historic rise? Let us know your opinion in the comments.
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