Greed

Based

bullish

Bitcoin

<ul>
  
 <li>The Bitcoin (BTC) price chart prints a bullish signal on its price chart.&nbsp;</li>   
 <li>The pioneer crypto asset sees a golden cross formation, pointing to historic pumps.</li>   
 <li>Will BTC surpass its old ATH and set a new one during this surge?</li> 
</ul>   
<p>The crypto market seeing a bullish start to the weekly charts. With the price of Bitcoin (BTC) back up over the <a href="https://cryptonewsland.com/bitcoin-breaks-key-pattern-analyst-predicts/" target="_blank" rel="noreferrer noopener">$64,000 price range</a>, positive sentiment has flooded the crypto market propelling the price of almost every other altcoin in the market.&nbsp;</p>   
<h2 class="wp-block-heading" id="h-bullish-bitcoin-recovery-underway">Bullish Bitcoin Recovery Underway</h2>   
<p>Presently, the sentiment is so bullish that the <a href="https://alternative.me/crypto/fear-and-greed-index/#google_vignette" target="_blank" rel="noreferrer noopener nofollow">Crypto Greed and Fear Index</a> is back up to the Greed range with a score of 56. This is incredibly bullish at the meter pointed to 34 yesterday and 25 the day before marking Fear and Extreme Fear sentiment just 2 days ago.</p>   
<p>For many wondering what could have pushed Bitcoin’s sluggish sideways movement into a bullish green surge, one analyst observes a possible reason for the flip. As we can see from the post below, the Bitcoin chart has printed a bullish signal.&nbsp;&nbsp;</p>   
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
   https://twitter.com/Eljaboom/status/1827039748407402954 
 </div>
</figure>   
<p>Based on the chart shared in the post above, it seems that Bitcoin (BTC) has formed a golden cross on its price chart. This is a highly bullish sign for the price fo Bitcoin as well as the greater crypto market.&nbsp;</p>   
<h2 class="wp-block-heading" id="h-will-btc-set-a-new-ath-this-pump">Will BTC Set a New ATH This Pump?</h2>   
<p>Historically, the formation of a golden cross on any price chart is usually followed by a massive price pump leading to bullish surges that have taken crypto assets to set new all-time highs (ATHs).</p>   
<p>Specifically, the last time the Bitcoin price chart printed a golden cross formation, the <a href="https://coinmarketcap.com/currencies/bitcoin/" target="_blank" rel="noreferrer noopener nofollow">price of Bitcoin (BTC)</a> pumped from $59,000 to $70.000 in just two weeks. This leads many analysts to speculate over Bitcoin’s next move. Will <a href="https://cryptonewsland.com/silver-tongued-analyst-sets-3-bitcoin-ath-targets-for-golden-bull-run-phase/" target="_blank" rel="noreferrer noopener">Bitcoin surpass the previous ATH</a> in this pump and set a new ATH, or will we experience more sideways movement or another dip before a new ATH?</p>                
<p>The post <a href="https://cryptonewsland.com/64000-bitcoin-price-recovery-fueled-by-golden-cross-formation-will-btc-price-ride-towards-80000-ath/">$64,000 Bitcoin Price Recovery Fueled by Golden Cross Formation, Will BTC Price Ride Towards $80,000 ATH?</a> appeared first on <a href="https://cryptonewsland.com">Crypto News Land</a>.</p>

$64,000 Bitcoin Price Recovery Fueled by Golden Cross Formation, Will BTC Price Ride Towards $80,000 ATH?

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