Bitcoin Has Golden Cross! What’s the Next Destination?

After FED Chairman Jerome Powell’s statements, it exceeded $24,000 but traded just under $23,000 with the subsequent decline. bitcoinThere was a first in 18 months.

Lastly, in September 2021. Golden CrossToday bitcoinIt was seen again on the daily chart of .

Known as the ‘Golden Cross’ and known in Turkish as the golden cross, this situation is seen as a bullish signal in all markets.

The event, which usually occurs when the 50-day moving average (MA 50) crosses the 200-day moving average (MA 200), took place on the last daily chart, and Bitcoin experienced a serious rise.

In this context BTCWhen the last Golden Cross was experienced in , Bitcoin had increased by 154%.

Analysts evaluating the Golden Cross in Bitcoin said that there have been eight golden crosses in the history of Bitcoin that recorded a price increase of between 100% and 350%, such as February 2012, October 2015 and May 2020.

on twitter Bitcoin Archive The account named Golden Cross also pointed out that if history repeats itself, Bitcoin could reach $ 57,900 in 60 days.

“Bitcoin has made a “Golden Cross” on the daily chart. The first GC after the last bear market led to a 154% increase.

If this repeats, Bitcoin will reach $57,900 in 60 days.”

Bitcoin just made a “Golden Cross” on the daily chart.
The first GC after the last bear market led to 154% pump.

If this repeated, #Bitcoin would hit $57,900 in 60 days. pic.twitter.com/v7rWaaZx5C

— Bitcoin Archive (@BTC_Archive) February 7, 2023

*Not investment advice.