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Analyst: Bitcoin is retesting the "golden cross" and may see a significant rebound

Analyst: Bitcoin is retesting the "golden cross" and may see a significant rebound

BlockBeats2025/10/12 14:43
BTC+2.85%

BlockBeats News, October 12, cryptocurrency market analyst Mister Crypto stated that Bitcoin is currently retesting the "golden cross," a historically bullish technical pattern that often precedes price increases. The golden cross is a bullish trading signal that occurs when a short-term moving average (typically the 50-day moving average) crosses above a long-term moving average (typically the 200-day moving average), indicating a shift from a bearish to a bullish market and suggesting that prices may start to rise. Currently, Bitcoin is hovering around $110,000, and if it can remain above this level, it could trigger another significant rally.

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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