Bitcoin Retests Golden Cross, A Break Above Could Trigger Major Rally: Analyst
Bitcoin is testing the golden cross, a bullish signal that historically preceded major rallies.
Analysts say holding above $110,000 could trigger another parabolic surge.
The setup looks incredibly strong, a confirmed breakout could “absolutely explode” Bitcoin’s price in the coming weeks.
According to crypto market analyst Mister Crypto, Bitcoin’s previous golden crosses led to gains of 2,200% in 2017 and 1,190% in 2020.
With BTC currently hovering near $110,000, a breakout above this level could trigger another move.
Author summary: Bitcoin nears major rally trigger.