Bitcoin Price Flashes Golden Cross That Only Happens Once Every Cycle, What T...
The Bitcoin price has just printed a rare Golden Cross on the weekly chart — a technical signal that historically appears once every market cycle. This Golden Cross has previously preceded some of Bitcoin’s most explosive bull runs, and analysts are eyeing its return as a sign that the next bullish leg up could be near. A Golden Cross occurs when a shorter-term Moving Average (MA), usually the 50-week MA, crosses above a longer-term one, like the 20-week MA. In the crypto world, this technical formation is perceived as a significantly bullish indicator that often leads to a long-term trend....
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Ethereum (ETH), the second-largest cryptocurrency by market cap, is up 9.9% over the past week. Recent analyses suggest the digital asset may continue its bullish momentum in the near-term. Ethereum Flashes Golden Cross According to a recent X post by crypto analyst Titan of Crypto, Ethereum has formed a golden cross on the daily chart. A golden cross typically precedes significant price rallies, and the continuation of this bullish price action could push ETH beyond $2,000 soon. Related Reading: Ethereum Nears ‘Critical Zone’ Historically Linked To Market Bottoms – Is A Rebound Incoming?....
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 […]
Today, the talk across the crypto market is that Bitcoin price is forming a Golden Cross – a potentially bullish signal according to conventional knowledge. But this is the cryptocurrency market, and anything is possible given the potential for sudden, sweeping regulation, hacks, or worse. With the Golden Cross now here, we are looking back at the history of the signal, and breaking down exactly what it means and how this could impact Bitcoin price action in the days ahead. Bitcoin Price Forms Eighth Ever Golden Cross Forget the digital gold narrative. All across crypto Twitter, online....
The XRP price has struggled despite scoring multiple partial victories against the United States Securities and Exchange Commission (SEC) over the last year. The initial surge was not enough to push it into the coveted $1 level. However, this has not deterred bulls, especially with bullish formations on the chart and multiple predictions that the XRP price is set to hit a new all-time high. XRP Price Flashes Golden Cross A pseudonymous crypto analyst who goes by @Nico369K on the X (formerly Twitter) platform has pointed out an interesting formation on the XRP price chart. This formation is....
On-chain data shows the Bitcoin NVT ratio is currently flashing a buy signal, a sign that the bottom for the asset’s price might now be in. Bitcoin NVT Golden Cross Is Showing A Green Signal As pointed out by an analyst in a CryptoQuant post, the Network Value to Transactions (NVT) Golden Cross has now dipped below the -2 mark. The “Network Value to Transactions (NVT) ratio” is an indicator that measures the ratio between the Bitcoin market cap and transaction volume (both denominated in USD). When the value of this metric is high, it means that the price of the asset....