RATE Group | Bitcoin Tempts Shattering All-Time High After Historic Golden Cross
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Bitcoin Tempts Shattering All-Time High After Historic Golden Cross

19 Feb Bitcoin Tempts Shattering All-Time High After Historic Golden Cross

Posted at 20:37h in Cryptocurrency News by

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  • Bitcoin’s golden cross is a sign that a strong bull market is likely on the horizon.
  • Statistics reveal that bitcoin may post a new all-time high in six months.
  • Analysts believe that a new all-time high this year is definitely possible.

Bitcoin is in the midst of a disbelief rally. The largest cryptocurrency has breached psychological resistance at $10,000 and is up over 41% year-to-date. Above $10,000, there’s very little stopping BTC from printing new all-time highs.

Bitcoin has two major resistances to break before hitting all-time high. | Source: TradingView

The good news for the bulls is that history is on their side. There have been crucial developments over the last few weeks indicating that bitcoin may skyrocket above $20,000 before 2020 expires.

Golden Cross Indicates a Strong Bull Run on the Horizon

The golden cross is a reliable technical indicator signaling a strong bull rally. This happens when the 50-DMA crosses above the 200-DMA.

Since 2012, the golden cross only…

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