By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
KriptotekaKriptoteka
  • Home
  • News
    • Web3
    • Crypto News
    • Market Analysis
  • Market
    • AI
    • Altcoins
    • Bitcoin
    • Blockchain
    • CEX
    • Defi
    • DePIN
    • DEX
    • ETFs
    • Ethereum
    • Gaming
    • ICO/IDO
    • Institutions
    • L1&L2
    • Meme
    • NFT tech
    • RWA
    • Stable coins
  • Data
  • Events
  • Learn
  • Reports
  • Podcasts
  • Pro membership
Reading: Bitcoin Golden Cross on 2-Month Chart: Past Patterns Revealed
Share
Notification Show More
Font ResizerAa
Font ResizerAa
KriptotekaKriptoteka
  • Home
  • News
  • Market
  • Data
  • Events
  • Learn
  • Reports
  • Podcasts
  • Pro membership
  • Home
  • News
    • Web3
    • Crypto News
    • Market Analysis
  • Market
    • AI
    • Altcoins
    • Bitcoin
    • Blockchain
    • CEX
    • Defi
    • DePIN
    • DEX
    • ETFs
    • Ethereum
    • Gaming
    • ICO/IDO
    • Institutions
    • L1&L2
    • Meme
    • NFT tech
    • RWA
    • Stable coins
  • Data
  • Events
  • Learn
  • Reports
  • Podcasts
  • Pro membership
Have an existing account? Sign In
Follow US
  • Advertise
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Kriptoteka > Crypto News > Bitcoin Golden Cross on 2-Month Chart: Past Patterns Revealed
Crypto News

Bitcoin Golden Cross on 2-Month Chart: Past Patterns Revealed

marcel.mihalic@gmail.com
Last updated: September 13, 2024 3:55 am
By marcel.mihalic@gmail.com 4 Min Read
Share
SHARE
This article is also available in Spanish.

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.

Related Reading

Bitcoin 1
Source: X

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.

Bitcoin 2
Source: X

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.

Related Reading

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.

Bitcoin price chart from Tradingview.com
BTC price reclaims $58,000 | Source: BTCUSD on Tradingview.com

Featured image created with Dall.E, chart from Tradingview.com

You Might Also Like

Netherlands Introduces Crypto Tax Compliance Aligned with EU

SUI’s RSI Declines: Bearish Signals Suggest More Downside Ahead

$22M Crypto Scam Takes $21.6M from 40,000 Investors

XRP Active Addresses Soar—Is a Market Shift on the Horizon?

Bitcoin’s Capital Inflows Surge: Investors’ Demand Grows Strong

Share This Article
Facebook Twitter Email Print
Previous Article SEC and CFTC Collaborate on New Crypto Governance Bill
Next Article Can PEPE Price Surge by Another 950% This Year? Analysis Inside
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected

FacebookLike
TwitterFollow
YoutubeSubscribe
TelegramFollow
- Advertisement -
Ad image

Latest News

4 Cryptos to Challenge Solana: Potential Growth for Investors
Defi
Bitcoin ETF Inflows Exceed $3B, Demand Reaches 6-Month Peak
ETFs
Japan’s Push for Bitcoin and Ethereum ETFs Gains Momentum
Institutions
Ripple Appeals Court Ruling on XRP’s Institutional Sales
Meme
//

We influence millions of users and is the number one Crypto and Web3 news network on the planet

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
nl Dutchen Englishfr Frenchde Germanel Greekit Italianpt Portugueseru Russianes Spanish
en en
Join Us!

Subscribe to our newsletter and never miss our latest news, podcasts etc..

Zero spam, Unsubscribe at any time.
Welcome Back!

Sign in to your account

Lost your password?