đ¨ Bitcoinâs Bull Run: Is $73,737 on the Horizon? đ¨
Bitcoin just had its best week in a month, pushing toward new heights. With on-chain data pointing to increased network activity, the question is: how high can it really go?
đ Golden Cross in Play: $73,737 in Sight
đ A golden cross is on the verge of forming, based on the 30-day moving average (30DMA) approaching the 365DMA.
đ When the short-term MA crosses above the long-term MA, it typically signals a long-term bullish run.
This technical move could push Bitcoin back toward its all-time high of $73,737.
đĄ On-Chain Activity Spikes: What It Means
đ Active addresses on the Bitcoin network have surged in recent weeks.
More active addresses = increased investor participation = positive sentiment shift.
đ Upward Market Structure: Bullish or Bearish?
Bitcoin has been forming higher highs and higher lows since July, suggesting a strong upward structure.
â ď¸ However, the rising wedge pattern is a potential bearish signal, indicating caution as we approach key resistance levels.
Are we ready for the next leg of Bitcoinâs bull run? Engage with the post, share your thoughts, and letâs watch how this plays out!
đ Donât forget to like, comment, and share your predictions!
