Bitcoin is close to forming a "Golden Cross," which happens when the 50-day moving average crosses above the 200-day moving average, indicating a potential upward trend. Currently, Bitcoin's price is slightly above these moving averages, suggesting that the bullish momentum could continue if sustained. The MACD is also showing increasing buying pressure, while the RSI at around 55 suggests there is still room for growth before reaching overbought levels. However, it's important to watch if the price can break through critical resistance levels, such as $69,000, to confirm this bullish trend.

#BTC #bullish #cryptobullrun