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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

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BitLo 1y ago

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

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Clicktivism 1y ago

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

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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.

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Clicktivism 1y ago

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