According to a recent post X of the Crypto Analyst noted Titan of Crypto, Bitcoin (BTC) quickly approaches a gold cross training – a bullish technical indicator which often precedes a significant assessment of prices. However, other analysts warn that a price correction could be on the horizon for the largest digital active in the world.
Bitcoin thumb closer to the gold cross training
Bitcoin continues to negotiate itself in a narrow range between $ 92,000 and $ 98,000, offering limited directional indices for analysts. However, some believe that the flagship cryptocurrency could prepare for its next major movement.
In a recent article, Titan of Crypto shared a graph showing that BTC is not only on the right track to form a golden cross But can also see its average convergence indicator of the Mobile Average (MacD) Flip Bullish – a double signal seen for the last time in October 2024. At that time, Bitcoin increased considerably, reinforced by the victory of the American Pro -Crypto presidential Donald Trump.
To explain, a golden cross is a bullish technical indicator that occurs when a short -term mobile average – generally the 50 -day MA – crosses a long -term mobile average – generally the 200 -day MA. It signals a potential rise and is often considered as a sign of a trend reversal or a continuous rally.
Meanwhile, when the MacD becomes bullish, it means that the MacD line has crossed above the signal line, indicating a potential change in the lowering of the lower biller. This suggests that the purchase pressure can increase and an increase in prices could start.
Although BTC has recently been rejected near $ 98,000, cryptographic analysts, such as Rekt Capital, suggest This behavior is expected. For Bitcoin to go out to new heights of all time (ATH), he must first maintain support at $ 93,500 and decisively exceed the $ 99,000.
If this erases this resistance, BTC could face another rejection at $ 104,500. However, the successful reversal of the level of $ 99,000 in support will probably open the way to a New Ath.
Not all analysts are optimistic
Despite growing optimism, all market observers are not convinced that an out -of -break is imminent. Eminent crypto analyst Ali Martinez sharp that the sequential TD indicator is currently flashes a sales signal on the 3 -day BTC graph – a potential sign of short -term weakness.
Adding to mixed perspectives, the open interest of the BTC for the long -term market is now approaching Historically high levels – a trend observed in the previous bull markets which have generally led to an increase in prices. At the time of the press, BTC is negotiated at $ 94,122, down 1.5% in the last 24 hours.
Star image of Unsplash.com, X charts and tradingView.com
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