Bitcoin Nears Crucial Golden Cross Signal, But Analyst Warns Of Underlying We...

The Bitcoin price action has just delivered one of the rarest and most closely watched signals in technical analysis — the Golden Cross. Analysts suggest that this powerful setup could lay the groundwork for an explosive rally, with speculations pointing toward a potential surge of over 100%.  Bitcoin Price Chart Flashes Golden Cross On Thursday, crypto analyst ‘Merlijn The Trader’ declared on X social media that Bitcoin has just flashed a Golden Cross, its rarest and most powerful technical signal. The analyst described this development as a historic moment that has only occurred three....

Bitcoin NVT golden cross has recently had values that would suggest the crypto may be close to being overbought right now. Bitcoin NVT Golden Cross Has A Positive Value Currently As pointed out by an analyst in a CryptoQuant post, the NVT golden cross has now hit its highest value since the last week of […]

However, some crucial Bitcoin price levels must be broken before the bullish party can start. Bitcoin (BTC) and the cryptocurrency market had a shakeout this week as the fake news surrounding Litecoin (LTC) caused a spike in volatility. However, the structure of the market didn’t change. In fact, Bitcoin’s price might be bottoming out as a golden cross is starting to form.Next to that, the exchange reserves are hitting record lows, which is a massive signal of strength, suggesting that most investors are taking their Bitcoin from exchanges, reducing the overall supply that can be sold on....

Dogecoin could be gearing up for another major surge in price as the meme coin’s chart shows the formation of a major pattern. The Golden Cross pattern is a major bullish formation on a chart that usually precedes a notable rally for digital assets such as DOGE. Currently, the Dogecoin price is forming its first golden cross in four years, making this an important development for the meme coin’s price. Dogecoin Analyst Points out Golden Cross Dogecoin analyst Kevin Capital on X (formerly Twitter) has highlighted an important formation on the Dogecoin chart. According to the crypto analyst,....

Bitcoin price action despite being wobbly in the past days, is still being discussed by analysts. Earlier today, a CryptoQuant analyst turned the spotlight to the Bitcoin’s NVT Golden Cross, a metric that has been known to signal potential local tops and bottoms in Bitcoin’s price. According to the analyst, Burak Kesmeci, this metric is now showing a reason for concern as it is currently struggling to surpass its previous peaks. Related Reading: Bitcoin’s Sudden Drop: Could This Be a Setup for a Massive Rally? Analyst Weighs In How Is The NVT Golden Cross Signalling a Warning For....