Bitcoin (BTC) Price May Rise Beyond $40,000 as Weekly Golden Cross is on the Horizon!

With the recent price action, the Bitcoin price secured some crucial levels, which suggests a massive upswing could be fast approaching

Following a bullish close for the year, the BTC price is believed to set up a remarkable trend in the coming weeks

Alongside, the BTC price is closer to accomplishing a massive move as the technicals have flashed a huge bullish signal. The price recently encountered the very first weekly death cross in history, and now it may face the first weekly Golden Cross. 

The weekly 50-MA and 200-MA are closer to undergoing a bullish crossover, which may occur in just a few days. This may offer the required push to the BTC price, which is trying hard to close the weekly trade above the crucial resistance. If the bulls sustain the gains, the target above $40,000 may be easily achieved and lay down a strong support base for Bitcoin to close the year on a bullish note.

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