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The post <a href="https://coinpedia.org/price-analysis/bitcoin-golden-cross-on-horizon-will-btc-price-start-a-fresh-bull-run-by-january-end/">Crypto Price Prediction: Can a Golden Cross Spark a New Bull Run for Bitcoin?</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
In recent weeks, <a href="https://coinpedia.org/price-prediction/bitcoin-price-prediction/">Bitcoin (BTC)</a> has once again taken center stage amid a series of impactful events. The aftermath of the crypto bear market that loomed over the fourth quarter of 2023 has given way to a resurgence of Bitcoin bulls, spurred by a sequence of high-impact occurrences. 
However, the situation shifted when the United States Securities and Exchange Commission (SEC) greenlit the trading of several <a href="https://coinpedia.org/news/grayscale-blackrock-and-fidelity-own-almost-all-the-money-1-6-billion-on-day-three/">spot Bitcoin ETFs</a>. This approval triggered a quick reduction in the prior excitement, as short-term holders and miners rushed to capitalize on profits. Consequently, the Bitcoin price outlook has leaned toward bearish sentiments, with analysts predicting an inevitable reversal. 
Well, what next? 
<h2 class="wp-block-heading" id="h-bitcoin-bulls-at-a-crossroads">Bitcoin Bulls at a Crossroads</h2> 
With the spot Bitcoin ETF hype gradually waning from crypto traders’ attention, Bitcoin bulls are critically looking for something to hold onto in the near term. Furthermore, the upcoming halving event is about three months away from happening. 
<img decoding="async" width="624" height="631" src="https://lh7-us.googleusercontent.com/PoiP1QleIdJMiFBSkqo2VxS7xc-G0wgZsiE0yTHBoa0yNzSqfzWstd02oDJp8f5UO2r_i2M2k8APdNV0BJTyJVp8oCe5Qpuqpxcr_kzMclbrNvEzI57gzSabieu3ljsxsbyAX-SFgqmGhbh3xOZal34"> 
The Golden Cross Is Here! 
A glimmer of optimism arises as Bitcoin bulls latch onto a significant development—the occurrence of a weekly golden cross between the 50 and 200 Moving Averages (MA). This historic event, coinciding with the spot ETF hype, marks a pivotal moment in Bitcoin’s history. Notably, the dreaded weekly death cross has traumatized the Bitcoin bulls since the beginning of last year but has since been invalidated. 
Also Read: <a href="https://coinpedia.org/news/potential-impact-of-spot-bitcoin-etfs-on-short-trades-by-traditional-market-participants/">Bitcoin ETF Buzz Triggers Golden Opportunity for Short Sellers; Here’s How</a> 
As a result, the Bitcoin price is much more likely to continue in a bullish outlook in the near term with inevitable corrections that will present buying opportunities. 
<h2 class="wp-block-heading" id="h-what-next">What Next?</h2> 
It is safe to say that there is always a bull market somewhere in the crypto industry. With Bitcoin price showing early signs of a possible reversal, <a href="https://coinpedia.org/price-prediction/market-price-prediction-ethereum-2019/">Ethereum (ETH)</a> is leading the altcoin market in a much-anticipated rally. 
Already, Bitcoin dominance has teased to drop below 50 percent in the coming months despite the notable gains made by the spot Bitcoin ETFs in the first three days of trading.&nbsp; 
Read More: <a href="https://coinpedia.org/price-analysis/bitcoin-sees-largest-transaction-of-worth-665-3m-in-2024/">Volatility Incoming? Altcoin Season &amp; Bearish RSI Hint at Bitcoin Downturn</a> 
Is Bitcoin primed for another climb, or will altcoins steal the show?

Crypto Price Prediction: Can a Golden Cross Spark a New Bull Run for Bitcoin?

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