๐จ [ANALYSIS] Bitcoin & Ethereum Golden Cross ๐จ
1/ I analyzed Bitcoin during its Golden Cross in the past. It took 33 days for BTC to reach its ATH, with a gain of approximately 24%! ๐น
2/ A Golden Cross occurs when the EMA 100 crosses above the MA 200, signaling a potential long-term bullish trend.
3/ Currently, Ethereum (ETH) has just formed a Golden Cross! As the leading altcoin, ETH typically shows much stronger gains than Bitcoin. ๐
4/ With ETHโs current price around $3,415.56, hereโs a simulation of its potential rally:
50% increase: Price could reach $5,123.34
70% increase: Price could soar to $5,806.45
5/ If Ethereum mirrors Bitcoinโs past pattern, these targets could be achieved within 33 days. ๐
6/ However, remember that the crypto market is highly volatile. While the Golden Cross is a bullish signal, proper risk management is crucial for any investment decision.
What do you think? Will this Golden Cross for ETH pave the way for spectacular gains? Iโll keep monitoring and sharing updates! ๐
