bullish

Bitcoin

<ul class="wp-block-list">
 <li>Bitcoin (BTC) hovers at the $62,000 level yet sees no damping bullish spirit.</li>  
 <li>Analysts notice a highly bullish golden cross formation for the pioneer crypto asset.</li>  
 <li>BTC is now set to hit new highs starting from $73,7000 to $250,000.</li> 
</ul>  
<p>Bitcoin’s dip to the $62,000 price range has done nothing to dampen the bullish sentiment taking over the crypto space. Most analysts are patiently waiting for a price pump in the cryp[to market taking Bitcoin (BTC) and altcoin prices to new ATHs in the coming months of what is to become a very bullish Q4.&nbsp;</p>  
<h2 class="wp-block-heading" id="h-another-bullish-golden-cross-looms-for-btc">Another Bullish Golden Cross Looms for BTC</h2>  
<p>As we can see from the post below, BTC printed a death cross followed by a golden cross late last year. This move propelled the price of BTC from the $24,000 price range to the $40,000 after which <a href="https://cryptonewsland.com/btc-bitwise-filing-etfs-challenge-btc-supply/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin continued to pump</a> steadily. Presently, the same pattern seems to be in play with a death cross already printed and another golden cross pattern starting to print.&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/Washigorira/status/1843216288044536225
 </div>
</figure>  
<p>What’s more, the analyst in the post calls this a weekly <a href="https://chartink.com/screener/golden-cross-and-ichimoku-bullish" target="_blank" rel="noopener noreferrer nofollow">ichimoku golden cross</a> which can be very significant. Last time the fake death cross led to a golden cross which triggered a 145% rally for the price of Bitcoin (BTC).&nbsp; Similarly, another <a href="https://x.com/AltcoinDailyio/status/1843373354201559275" rel="noopener noreferrer nofollow">post</a> highlights the formation of Bitcoin about to complete the golden cross pattern in the 50 days over 200 days price chart.&nbsp;</p>  
<h2 class="wp-block-heading" id="h-triple-blow-off-wave-loads-for-btc">Triple Blow-Off Wave Loads for BTC</h2>  
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  https://twitter.com/GertvanLagen/status/1843384533577564188
 </div>
</figure>  
<p>Meanwhile, another popular technical analyst, Gert van Lagen, observes a specific continuity from 2019 to 2014, calling it the Elliottwave. According to this observation, BTC completed the first impulse, a sharp first correction, the second impulse, a flat correction, and is now heading into <a href="https://cryptonewsland.com/key-liquidation-levels-could-trigger-massive-bitcoin-short-squeeze-above-66k/" target="_blank" rel="noopener noreferrer nofollow">the third impulse</a>.&nbsp;</p>  
<p>This leads BTC to the next ATH target of $250,000. But before BTC can work its way up to this major target, one analyst marks a price target closer to its current price, this is the target of <a href="https://x.com/JavonTM1/status/1843295808747090123" target="_blank" rel="noopener noreferrer nofollow">$73,700</a>. This anlayst suggests that a recovery is in progress for BTC and it begins with first setting a smaller ATH.</p> 
<p>The post <a href="https://cryptonewsland.com/bitcoin-golden-cross-formation-250000/" rel="noopener noreferrer nofollow">Bitcoin Approaches Second Golden Cross Formation, Analysts Expect Pumps Towards $73,7000 – $250,000</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Bitcoin Approaches Second Golden Cross Formation, Analysts Expect Pumps Towards $73,7000 – $250,000

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