Nostr Web Client

Exciting News for Bitcoin! 🚀

For the first time ever, Bitcoin is forming a weekly golden cross! This significant technical pattern happens when the 100-week moving average (MA) crosses above the 200-week moving average. In traditional markets, such crossovers are typically seen as a strong bullish signal, often indicating the potential for a major upward price movement.

Could this be a sign of a new bull run for Bitcoin? Only time will tell, but this crossover adds an interesting layer of optimism. Keep an eye on the charts!

#bitcoin #charts #bulls #bears

Reply to this note

Please Login to reply.

Discussion

BTC_Alpina 1y ago

Here we go…. 🚀

Thomas 1y ago

🤞🏻😁

Thomas 1y ago

Cannot believe this is the first time ever. But maybe because you have these longterm MAs. 100 weeks is 2 years, 200 weeks almost 4 years. #Bitcoin is just 15 years old.

For me it’s bullish 🚀

Clicktivism 1y ago

Take what we can get in this current market! I'm stacking sats! Good luck out there Thomas 🚀

Clicktivism 1y ago

Where we going? 😎

Radokama Grandmaster Splat 1y ago

I see a cup and handle forming, but volume needs to drop almost to zero before the bull flag forms. Where we at on that line?

Clicktivism 1y ago

Ssomewhere there 👀

Radokama Grandmaster Splat 1y ago

Yeah, I’m looking at the big cup and handle at the end from ‘22 to today. No?

Clicktivism 1y ago

Maybe! Seems like #Rektember is in full swing atm, no? How lowwww can we gooooo 😳

Radokama Grandmaster Splat 1y ago

?cid=6c09b952llleunf6vtrkftlapa99coit6bekdo5b00eq8uil&ep=v1_internal_gif_by_id&rid=giphy.gif&ct=g

BitLo 1y ago

Looks like a bull flag technical pattern. Bitcoin has been consolidating prior to its next move higher imo.

Clicktivism 1y ago

hope your right! This year or next for a break to upside? Seems like #Rektember is in full swing 🥹

BitLo 1y ago

The longer it chops between 50-75k, the higher the move upward will be. 6 month consolidation so far in this range.

Clicktivism 1y ago