Key points:
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The last golden cross of Bitcoin on the daily graphic is already confirmed at the end of May.
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Historically, the golden crossroads of the daily card preceded pricing earlier than 2,000%.
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The consensus is increasingly seeing Bitcoin burst again after consolidating below $ 120,000.
Bitcoin (BTC) has the possibility of reaching $ 155,000 in the coming months while a classic bull signal signal.
As indicated on X Thursday by the popular merchant Merlijn, BTC / USD saw a new “gold cross” on the daily graphic.
Bitcoin Golden Cross is the best news for bulls
Bitcoin Golden Crosses, formed when the 50 -day simple mobile average (SMA) crosses its 200 -day equivalent, often triggers huge price gains.
Their success is varied – sometimes the 50 -day SMA does not remain above the 200 -day SMA for a long time. Whatever its duration, however, the golden cross has a clear impact on the action of BTC prices.
“Each time. This signal appears $ BTC becomes vertical,” said Merlijn alongside a graph showing historical crosses.
These have included giant overvoltages on the bull market, with 2017 and 2020, in addition to 2,000% thanks to long golden crosses.
The most recent golden cross intervened in October 2024, when BTC / USD exchanged at around $ 65,000. In the three months that followed, the pair reached new heights of almost $ 110,000.
“Same configuration. Same signal,” added Merlijn about the new cross, which confirmed on May 22.
Until now, the maximum Bitcoin gains have totaled 12% relatively modest. Even in copying the short -term crossing from 2016, the objective compared to the cross confirmation price becomes $ 155,000.
As Cointelegraph reported, Bitcoin saw its very first weekly Golden Cross event in early 2024, which coincided with the start of the more vertical increase in the current bull market.
BTC Prix Breakout is $ 120,000
While consolidating themselves below $ 120,000, Bitcoin gives the market participants all the reasons to expect a new price discovery.
In relation: Is Fomo back? Bitcoin First Timers Buy 140k BTC in 2 weeks
Targets are increasingly favorable to $ 135,000, because the next BTC / USD stop point while the pair abandons macro and branches.
“Daily Close greater than ~ $ 120,000 high range, followed by a post-pause Retest, Bitcoin would confirm an escape to new heights,” TRADER and analyst Rekt Capital told X Followers.
Rekt Capital observed that consolidation diverted capital in altcoins.
This article does not contain investment advice or recommendations. Each investment and negotiation movement involves risks and readers should conduct their own research when they make a decision.
