Analyst: Bitcoin is retesting the "golden cross" and may see a significant rebound
BlockBeats News, October 12, cryptocurrency market analyst Mister Crypto stated that Bitcoin is currently retesting the "golden cross," a historically bullish technical pattern that often precedes price increases. The golden cross is a bullish trading signal that occurs when a short-term moving average (typically the 50-day moving average) crosses above a long-term moving average (typically the 200-day moving average), indicating a shift from a bearish to a bullish market and suggesting that prices may start to rise. Currently, Bitcoin is hovering around $110,000, and if it can remain above this level, it could trigger another significant rally.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Data: In the past 24 hours, CEX saw a net outflow of 19,541.03 BTC
The altcoin season index remains at a low level, currently at 22.
By the end of December, approximately 1.5 million ETH will be unstaked.
