$BTC
📢 Attention: BTC is approaching a golden cross💰🚀▫️🔸▫️🔸▫️🔸▫️🔸▫️
With the recent movements, BTC is close to forming the technical pattern known as the 'golden cross', considered by many as a bullish signal.
Weeks ago, the price gave an opposite signal - the so-called 'death cross' - which usually anticipates declines. However, on this occasion, it was a false alarm, and it puzzled several bearish investors.
Now, the formation of a 'golden cross' (when a short-term moving average crosses above a long-term one) could mark the beginning of a new growth phase. A similar pattern occurred before the rally at the end of 2024, when BTC jumped from $70,000 to $100,000.
In addition, the recent downgrade of the United States' credit rating by Moody's raises new doubts about the country's fiscal health. This factor could also drive more investors to turn to Bitcoin as a store of value.
In summary, if the golden cross consolidates and the macro factors affecting the dollar persist, BTC could be facing a new phase of highs.