Analyst: Bitcoin re-tests the golden cross, which may trigger a significant rebound.

robot
Abstract generation in progress

PANews, October 12 news, reported by Cointelegraph, crypto assets market analyst Mister Crypto stated that Bitcoin is re-testing the “golden cross”, which is a historically bullish technical pattern that precedes a pump. The golden cross is a bullish trading signal where the short-term MA (usually the 50-day MA) crosses above the long-term MA (usually the 200-day MA), indicating that the market is shifting from bearish to bullish, meaning prices could start to rise. Currently, Bitcoin is hovering around $110,000, and if it can maintain above that level, it may trigger another rebound.

BTC-0.95%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 1
  • Repost
  • Share
Comment
0/400
Handsome_kirasamavip
· 10-13 09:24
Hurry up and enter a position! 🚗
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)