Bitcoin News Today: BTC's Golden Cross: Surpassing $115K May Lead to $130K, While Falling Below Could Threaten $100K
- Bitcoin price nears critical juncture with potential golden cross on 3-day chart, signaling possible $115K breakout to $130K. - Current $108,200 level reflects consolidation between $107K-$114K, with breakdown risks retesting $100K-$105K support. - Institutional inflows and improved macro trends bolster confidence, though volatility persists amid regulatory and macroeconomic uncertainties.
Bitcoin's price movement has reached a pivotal point, with both traders and analysts keeping a close eye on the possibility of a golden cross forming on the 3-day chart—a technical pattern that has often signaled strong upward trends in the past, according to
Market experts point to the 3-day golden cross—where the 50-day moving average overtakes the 200-day—as a significant trigger for renewed bullish momentum. According to Crypto.News, a confirmed surge above $115,000 could drive
This period of consolidation comes after a dramatic rally in October, during which Bitcoin climbed above $125,000 before pulling back to its current range. The recent decline has attracted buyers between $107,000 and $110,000, helping to steady the market and potentially paving the way for another breakout. Traders stress that maintaining strong volume and momentum above resistance is essential to confirm the golden cross as a trustworthy signal, as highlighted by Crypto.News.
Despite the generally positive technical outlook, there are still risks. Uncertainties in the macroeconomic environment and changes in regulations could alter the current path. Nevertheless, the mix of institutional engagement, encouraging on-chain data, and a tightening price range suggests that Bitcoin may soon make a decisive move in either direction, the Crypto.News report concludes.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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