Bitcoin Forms First-Ever Golden Cross In History That Could | Abdul _Aziz07 on Binance Square

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Bitcoin Forms First-Ever Golden Cross In History That Could Trigger New All-Time High

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Elon Musk’s ‘DOGE’ gov meme sends political speculation soaring Musk previously signaled he was ready and willing to serve if Donald Trump is elected president of the United States.Elon Musk may be floating the idea of establishing himself as the head of a new government institution if former United States president Donald Trump claims the Oval Office again in the November 2024 election. True to form, Musk teased the idea in a meme on the X social media platform featuring a double-entendre referencing both cryptocurrency and politics.

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Bitcoin Forms First-Ever Golden Cross In History That Could Trigger New All-Time High Golden Cross Forming On The Bitcoin Chart Titan of Crypto revealed in an X (formerly Twitter) post that a Bitcoin Golden Cross is happening. He elaborated that the Golden Cross between the 100-day and 200-day moving averages is unfolding, noting that the crypto market has never witnessed this before. The crypto analyst added that if it is successful, this development could trigger the “most explosive bull run yet.” Related Reading: Elon Musk Hints At Dogecoin’s Return as Tesla Merchandise Payment After Court Win Bitcoin 1 Source: X Based on the chart the crypto analyst shared, a successful Golden Cross could send Bitcoin’s price as high as $120,000. This aligns with predictions made by several crypto analysts, including Mikybull Crypto, who mentioned that between $138,000 and $150,000 were “optimal targets” for Bitcoin in this bull run. Meanwhile, Titan of Crypto isn’t the only analyst who recently highlighted the Golden Cross forming on Bitcoin’s chart. Crypto analyst Crypto Jelle mentioned in an X post that Bitcoin is forming a weekly Golden Cross for the first time in its history. Like Titan of Crypto, Crypto Jelle also explained that the 100-week moving average is crossing above the 200-week moving average. The crypto analyst further noted that these crossovers are considered bullish signs in traditional markets and questioned whether they would also be bullish for Bitcoin. Based on the chart the analyst shared, a successful crossover could pave the way for the flagship crypto to rise to $90,000, which will mark a new ATH for the cryptocurrency.

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