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Ben Walther
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Bitcoin - Ichimoku Golden Cross - Rally Incoming? Today, $BTC flashed a golden cross signal on the daily chart — often a bullish breakout pattern that leads to a massive rally. Overall, #Bitcoin still trades in downward channel which can be interpreted as a bull flag. Looking at lower timeframes, it seems likely that we‘ll see another dump towards the channel bottom (as mentioned in a post earlier today). However, on higher timeframes a bullish reversal becomes more likely. The last golden ichimoku cross in February led to a massive rally too.

Bitcoin - Ichimoku Golden Cross - Rally Incoming?

Today, $BTC flashed a golden cross signal on the daily chart — often a bullish breakout pattern that leads to a massive rally.

Overall, #Bitcoin still trades in downward channel which can be interpreted as a bull flag.

Looking at lower timeframes, it seems likely that we‘ll see another dump towards the channel bottom (as mentioned in a post earlier today).

However, on higher timeframes a bullish reversal becomes more likely.

The last golden ichimoku cross in February led to a massive rally too.

Disclaimer: Includes third-party opinions. No financial advice. See T&Cs.
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