The golden cross is back on the chart $BTC — are investors preparing for a rally?
Bitcoin is once again in the spotlight: after a local rise and slight correction, traders have started talking about a new 'golden cross' — a signal that in the past has been accompanied by surges of hundreds of percent.
Technical analysis shows that the 50-day moving average has crossed the 200-day moving average from below — a classic bullish signal. In previous instances, this foreshadowed:
+139% (2015–2017)
+2200% (2017–2020)
+1190% (2020–2021)
Some analysts believe that BTC is repeating the pattern of 2020 and could reach a new ATH by the end of spring. And if the trend solidifies, a surge up to $220,000 is possible by autumn.
The fear index has moved into the green zone — the market believes in growth again.
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