Crypto Price Prediction: Can a Golden Cross Spark a New Bull Run for Bitcoin?
The Golden Cross Is Here!
A glimmer of optimism arises as Bitcoin bulls latch onto a significant development—the occurrence of a weekly golden cross between the 50 and 200 Moving Averages (MA). This historic event, coinciding with the spot ETF hype, marks a pivotal moment in Bitcoin’s history. Notably, the dreaded weekly death cross has traumatized the Bitcoin bulls since the beginning of last year but has since been invalidated.
Also Read: Bitcoin ETF Buzz Triggers Golden Opportunity for Short Sellers; Here’s How
As a result, the Bitcoin price is much more likely to continue in a bullish outlook in the near term with inevitable corrections that will present buying opportunities.
What Next?
It is safe to say that there is always a bull market somewhere in the crypto industry. With Bitcoin price showing early signs of a possible reversal, Ethereum (ETH) is leading the altcoin market in a much-anticipated rally.
Already, Bitcoin dominance has teased to drop below 50 percent in the coming months despite the notable gains made by the spot Bitcoin ETFs in the first three days of trading.
Read More: Volatility Incoming? Altcoin Season & Bearish RSI Hint at Bitcoin Downturn
Is Bitcoin primed for another climb, or will altcoins steal the show?
