On October 28, our AI analysis forecasted a bullish surge for $BTC BTC, which has since followed the predicted path with remarkable accuracy. Recently, BTC broke through the $72,429 level, driven by strong upward momentum and several technical indicators signaling further gains ahead. A key feature in this trend is the "Golden Cross," where the 50-day moving average has crossed above the 200-day moving average—a widely recognized bullish signal pointing to strong long-term momentum. This technical setup is backed by robust trading volume, reinforcing the positive sentiment for $BTC.

Additional indicators, like MACD and RSI, align with this upward trend. The MACD (Moving Average Convergence Divergence) line is positioned above the signal line and is well above the zero line, showing strong ongoing momentum. The RSI (Relative Strength Index) has reached overbought territory, indicating high demand for BTC but also hinting at the possibility of minor pullbacks in this strong trend. Importantly, there are no immediate bearish reversal patterns, such as an "evening star" or "dark cloud cover," suggesting a stable upward move.

Looking forward, our AI analysis identifies a next target for $BTC around $74,550, based on Fibonacci extension levels. For optimal entry, the suggested buying price is near $72,300, allowing for potential gains on minor pullbacks. This setup of technical indicators and volume support presents a compelling opportunity for investors considering a long position, with a target around $74,500. Given the current favorable conditions, our analysis anticipates continued bullish strength in the near term, with potential for further upside momentum in BTC.
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