Total Quality
Score
106168
108000.0000000000
94000
BTCUSDT
1H
The video analyzes Bitcoin's price action, noting that a golden cross is about to occur but hasn't happened yet, Bitcoin’s price rallied into the golden cross and is currently around $106,000. A previous golden cross led to a major price increase. The analyst suggests a golden cross is often a lagging indicator.
Historical examples show crashes happened at the death cross then after the golden cross we can se price up. The analyst foresees a retest of the moving average around the $94,000 level. Due to the golden cross the cryptocurrency may has a downside and is needed a crash to continue grow, so due to it the predited market trend is bearish but just for now.
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