Crypto researcher Titan of Crypto has pointed out a positive signal on the Bitcoin chart. He also shared insights on what occurred the last time this pattern emerged, indicating that the top cryptocurrency could experience a major price surge in the near future.
Golden Cross Appears On The Bitcoin Chart
Titan of Crypto announced in a post on X (formerly Twitter) that a Golden Cross has appeared on Bitcoin’s 2-month chart. He noted that each time this bullish signal has emerged on the 2-month chart, the leading crypto has experienced a “massive” rally. The accompanying chart indicated that this occurred last in 2021 when Bitcoin surged from about $13,000 to over $60,000.
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Although it remains uncertain what will transpire this time, there is no doubt that a considerable rally is well overdue for the leading crypto, particularly given how its price has plateaued following a new all-time high (ATH) of $73,000 in March earlier this year. In another post on X, Titan of Crypto suggested that the much-anticipated Bitcoin rally may commence in October.
The crypto analyst highlighted how the historically bearish September typically sets the stage for risk assets like Bitcoin and US stocks to bounce back significantly by year-end. Meanwhile, Titan of Crypto maintains confidence in Bitcoin’s positive outlook despite claims that it is currently in a downtrend. He indicated that Bitcoin remains bullish on the monthly timeframe and noted that the crypto is still sustaining its Tenkan, asserting that its optimistic outlook will persist as long as it stays above the Tenkan line at $49,900.

According to the chart he provided, Bitcoin must surpass $71,000 to achieve a new ATH in this market cycle. The crypto analyst previously predicted that Bitcoin could reach a peak value of $120,000 by 2025.
October Is The Month To Anticipate
Crypto analyst Rekt Capital echoed a similar sentiment to Titan of Crypto, affirming that October is a month to watch closely. He pointed out that historical trends imply Bitcoin should see a breakout from the reaccumulation phase within the next two weeks, but emphasized that the breakout is more likely to happen in October.
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Historically, October has been a strong month for the leading crypto, particularly in halving years such as this one. An anticipated Bitcoin rally in October is likely to carry into November and December. Rekt Capital underscored that Bitcoin has experienced three consecutive months of growth during the fourth quarter of the halving years in 2016 and 2020.
At the time of this writing, Bitcoin is trading around $57,700, reflecting an increase of over 3% in the last 24 hours, as per CoinMarketCap data.
Featured image created with Dall.E, chart from Tradingview.com