Bitcoin Golden Cross In Play – Analyst Reveals Best Course Of Action

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Bitcoin Golden Cross In Play – Analyst Reveals Best Course Of Action - NewsBTC

Quick Summary:

Nonetheless, the confirmation of a golden cross is still bullish for Bitcoin’s price action moving forward, even if the price rally is already halfway to its peak level. At the time of writing, Bitcoin is trading at $110,734.

Related Reading: Golden Ratio Multiplier Called Bitcoin Top In 2021 – Here’s What It’s Saying Now Instead of waiting for the golden cross to flash green, FX_Professor noted pre-indicator pressure zones as the real signal of value.

In the case of Bitcoin’s price action in recent months, the analyst pointed out the $74,394 and $79,000 region as the zone of accumulation and early positioning, well before the golden cross became visible.