Again the golden cross predicts an explosive rise for btc. If we look at the past the price of btc exploded after a golden cross, but whether we will get such an explosion again this time I am not convinced at the moment, because in the short term we are running into an old resistance line of 7 years and the older the resistance line the stronger it is. But on the other hand we also have an old pattern that is very strong, namely the cup & handle. Even if I put my fibonacci over it, the 1.618 level nicely matches the target of the cup & handle And that would mean that from the current point we will rise another 22% with btc this bull run. tradingview.com/chart/2QfRkkZO/
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.