koinmilyoner
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Bullish
📈 BTC Forms Golden Cross — Analysts Eye Massive $230,000 Move
Over the last month, Bitcoin (BTC) values have ranged from $103,000 to $110,000.
Since hitting an all-time high of $111,931 in late May, the leading cryptocurrency has faced strong selling pressure, preventing further price discovery.
In this market, prominent trader X alias Trader Tardigrade makes another positive forecast for Bitcoin.
Tardigrade sees a golden cross on the BTC daily trading chart when the 50-day simple moving average (50SMA) passed over the 200-day SMA during the asset's two-month rebound.
Golden crosses are one of the most popular bullish forms that predict a large market surge. Short-term moving averages above long-term moving averages indicate a probable transition from consolidation or downtrend to strong uptrend.
The three 50/200 SMA golden crosses since 2023 have produced price gains of 49%, 125%, and 68%.
The most recent golden cross suggests Bitcoin might reach $152,000, a 44.7% rise from current market values, according to Tardigrade.
If optimistic, the expert forecasts the top cryptocurrency may trade as high as $229,000, a 118% price gain from its present value.
Tardigrade says that Bitcoin's current rise and 47% increase from April lows make these forecasts possible. Bitcoin prices have risen 656% since the current market cycle began in late 2022.
A 0.20% rise in the last day puts BTC at $105,552. The main cryptocurrency increases 0.03% and 1.41% on weekly and monthly charts.
Despite these optimistic data, Bitcoin's profit margins have narrowed over the previous week due to consolidation and sideways volatility.
Investor appetite remains despite this softening trend. Last week, the Bitcoin ETF market rebounded with net inflows of $1.37 billion following two weeks of net outflows of $286.81 million.
#MetaplanetBTCPurchase #SaylorBTCPurchase #TrumpBTCTreasury #TrumpTariffs #IsraelIranConflict $BTC $ETH $XRP
Over the last month, Bitcoin (BTC) values have ranged from $103,000 to $110,000.
Since hitting an all-time high of $111,931 in late May, the leading cryptocurrency has faced strong selling pressure, preventing further price discovery.
In this market, prominent trader X alias Trader Tardigrade makes another positive forecast for Bitcoin.
Tardigrade sees a golden cross on the BTC daily trading chart when the 50-day simple moving average (50SMA) passed over the 200-day SMA during the asset's two-month rebound.
Golden crosses are one of the most popular bullish forms that predict a large market surge. Short-term moving averages above long-term moving averages indicate a probable transition from consolidation or downtrend to strong uptrend.
The three 50/200 SMA golden crosses since 2023 have produced price gains of 49%, 125%, and 68%.
The most recent golden cross suggests Bitcoin might reach $152,000, a 44.7% rise from current market values, according to Tardigrade.
If optimistic, the expert forecasts the top cryptocurrency may trade as high as $229,000, a 118% price gain from its present value.
Tardigrade says that Bitcoin's current rise and 47% increase from April lows make these forecasts possible. Bitcoin prices have risen 656% since the current market cycle began in late 2022.
A 0.20% rise in the last day puts BTC at $105,552. The main cryptocurrency increases 0.03% and 1.41% on weekly and monthly charts.
Despite these optimistic data, Bitcoin's profit margins have narrowed over the previous week due to consolidation and sideways volatility.
Investor appetite remains despite this softening trend. Last week, the Bitcoin ETF market rebounded with net inflows of $1.37 billion following two weeks of net outflows of $286.81 million.
#MetaplanetBTCPurchase #SaylorBTCPurchase #TrumpBTCTreasury #TrumpTariffs #IsraelIranConflict $BTC $ETH $XRP
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
BTC
108,511.59
+3.11%
ETH
2,654.7
+4.75%
