Crypto Bull is Starting

There is an important setup that could trigger a significant rise in the markets at the beginning of 2024. This signal, which was highlighted by Alistair Milne, is pointing to the first weekly golden cross of Bitcoin ever seen in history. As you may recall, we have shared these signals, which are referred to as the “golden intersection or golden cross,” many times in the past. The golden cross, which is the leading signal of major rallies, is seen for the first time on the weekly chart.

Although a 165% annual gain pleases most investors, the rapid recovery following overselling will cause the crossing of the two-week moving average (MA), which has never before signaled a bull, to happen.

The 50-week and 200-week MAs are important trend lines for both Bitcoin investors and analysts. According to Milne, this event could be a turning point in crypto.