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Bitcoin (BTC) Just Printed Its First Golden Cross in Months, What’s Next?


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Bitcoin (BTC) has just posted its first golden cross since September 2021. VentureFounder, a crypto trader that provides analysis on Cryptoquant, tweeted excitedly about the event.

According to the analyst, a potential correction in a bearish scenario might see BTC retest $20K, while on the other hand, in a bullish case, Bitcoin might test $25K next. Once the $25K barrier is flipped into support, “it’s the nail in the coffin for the bears.”

When the moving average (MA) 50 crosses above the MA 200, a positive crossover, or “golden cross,” appears on the price chart.

Eight golden crosses have occurred in the history of Bitcoin, three of which — in February 2012, October 2015 and May 2020 — predicted price increases of between 100% and 350%.

On the other hand, the lead…

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