Cryptocurrency Analyst Titan of crypto has highlighted an indicator that paints an ultra-bullish picture for bitcoin (btc). According to this, the flagship cryptocurrency could be ready to reach its current level All-time high (ATH) and even surpass it.
A golden cross forms on the bitcoin chart
crypto Titan Revealed on One x (Formerly twitter) x.com/Washigorira/status/1830546388142133500″ rel=”nofollow” target=”_blank”>mail that a bitcoin Golden cross It's happening. He explained that the Golden Cross between the 100-day and 200-day moving averages is developing, noting that the cryptocurrency market has never witnessed this before. The cryptocurrency analyst added that if successful, this development could trigger the “most explosive event.” bullfight still.”
According to the chart shared by the cryptocurrency analyst, a successful golden cross could send the price of bitcoin to $120,000. This coincides with predictions made by several cryptocurrency analysts, including Mikybull crypto, who mentioned that between $138,000 and $150,000 were “optimal targets” for bitcoin in this bull run.
Meanwhile, Titan of crypto is not the only analyst who recently highlighted the Golden Cross forming on the bitcoin chart. Cryptocurrency Analyst crypto Jelle mentioned in a x.com/CryptoJelleNL/status/1830587784937238538″ rel=”nofollow” target=”_blank”>Publication x that bitcoin is forming a weekly golden cross for the first time in its history. Like Titan of crypto, crypto Jelle also explained that the 100-week moving average is crossing above the 200-week moving average.
The crypto analyst further noted that such crossovers are considered bullish signals in traditional markets and wondered if they would be bullish for bitcoin as well. Based on the chart the analyst shared, a successful crossover could pave the way for the flagship cryptocurrency to surge to $90,000, which will mark a new ATH for the cryptocurrency.
These analyses certainly provide some kind of reassurance to the crypto community, which has had to deal with bitcoin's tepid price action For a while now, the flagship cryptocurrency has continued to oscillate above and below $60,000, raising concerns that the uptrend might be over and the cryptocurrency is unlikely to hit a new ATH in this market cycle.
“The best is yet to come”
Mikybull Cryptocurrency He assured in a recent x.com/MikybullCrypto/status/1830241156086812993″ rel=”nofollow” target=”_blank”>Publication x that the best is yet to come for bitcoin, suggesting that the cryptocurrency still has enough room to grow in this market cycleHe noted that patience is needed and also revealed that the next push in the fourth quarter of this year will be “explosive.”
The chart he shared showed that bitcoin Rise to $120,000 between October and January 2025. Mikybull crypto’s prediction once again highlights the expectations that the crypto community has for bitcoin and the crypto market in general heading into the fourth quarter of the year. The US Federal Reserve is expected to cut interest rates at its September meeting. FOMC Meetingwhich Bernstein Analysts Let's say it's the key to bitcoin becoming bullish again.
Featured image created with Dall.E, chart from Tradingview.com
