Currencies34694
Market Cap$ 3.99T-0.86%
24h Spot Volume$ 69.02B+64.9%
DominanceBTC54.48%+0.84%ETH13.07%-2.30%
ETH Gas1.62 Gwei
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Bitcoin Flashes Golden Cross: Is a Massive Rally Coming?


by Olivia Stephanie
for CryptoPotato
Bitcoin Flashes Golden Cross: Is a Massive Rally Coming?

TL;DR

  • Bitcoin forms a weekly Golden Cross, repeating a setup seen before major historical price rallies.
  • Price eyes $110,100 resistance, with potential upside to $112,500 if momentum holds above support.
  • Traders note calm market conditions, with many watching for a strong breakout in Q4.

Golden Cross Returns, Is BTC Ready?

Bitcoin has printed a Golden Cross on the weekly chart, where the 50-week moving average moves above the 200-week moving average. This technical signal last appeared in 2015, 2016, and 2019, and each time, it was followed by a sharp price rise. Previous moves after similar setups saw gains of 264%, 2,200%, and 1,190%, respectively.

Read the article at CryptoPotato

Read More

3 Big Reasons September Could Spark a Bitcoin (BTC) Rally

3 Big Reasons September Could Spark a Bitcoin (BTC) Rally

Is the Fed finally going to cut interest rates this month?
Red August, Green Signals: Why Bitcoin’s Structure Remains Unshaken

Red August, Green Signals: Why Bitcoin’s Structure Remains Unshaken

Delta Cap climbing and US institutions buying Bitcoin at a premium indicate accumulat...

Bitcoin Flashes Golden Cross: Is a Massive Rally Coming?


by Olivia Stephanie
for CryptoPotato
Bitcoin Flashes Golden Cross: Is a Massive Rally Coming?

TL;DR

  • Bitcoin forms a weekly Golden Cross, repeating a setup seen before major historical price rallies.
  • Price eyes $110,100 resistance, with potential upside to $112,500 if momentum holds above support.
  • Traders note calm market conditions, with many watching for a strong breakout in Q4.

Golden Cross Returns, Is BTC Ready?

Bitcoin has printed a Golden Cross on the weekly chart, where the 50-week moving average moves above the 200-week moving average. This technical signal last appeared in 2015, 2016, and 2019, and each time, it was followed by a sharp price rise. Previous moves after similar setups saw gains of 264%, 2,200%, and 1,190%, respectively.

Read the article at CryptoPotato

Read More

3 Big Reasons September Could Spark a Bitcoin (BTC) Rally

3 Big Reasons September Could Spark a Bitcoin (BTC) Rally

Is the Fed finally going to cut interest rates this month?
Red August, Green Signals: Why Bitcoin’s Structure Remains Unshaken

Red August, Green Signals: Why Bitcoin’s Structure Remains Unshaken

Delta Cap climbing and US institutions buying Bitcoin at a premium indicate accumulat...