BTC/USD Golden Cross Overview

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This chart shows a potential "golden cross" pattern, which occurs when a short-term moving average (typically the 50-day) crosses above a long-term moving average (like the 200-day). In this chart, Bitcoin's price is hovering near $68,102, while the red and green lines (likely representing the 50-day- and 200-day moving averages) converge.

The current consolidation within the channel suggests that Bitcoin could be gearing up for a bullish breakout. If the price successfully breaks out of the upper channel resistance, it might accelerate toward the next key level near $72,000.

Around $48,803 and the lower channel boundary
Near $72,000, aligned with the upper trendline
If the golden cross confirms and holds, this may signal strong upward momentum for BTCUSD into the following months.

Disclaimer: This analysis is for informational purposes and is not financial advice. Always stay updated with market movements and adjust your trading strategies as needed.

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@Peter_CSAdmin
Trade ist aktiv
As I told you in the last update, BTC still has no change.
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