CandleFocus Golden Cross May Rocket Bitcoin Price to $100,000, Says Analyst
2024-10-24
Author: Content Editor
The price of Bitcoin could potentially reach $100,000 if a golden cross pattern on its hourly chart plays out as expected, according to crypto investor and analyst Eljaboom. A golden cross is when a shorter-term moving average crosses above a longer-term moving average, indicating a potential bullish trend. The last time Bitcoin formed a golden cross, its price soared more than 116% and reached a new all-time high. However, it is important to note that a golden cross does not guarantee a six-figure value in a single candle, as the cryptocurrency market is prone to manipulation and controlled by major players.
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