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Analyst: Bitcoin is retesting 'Golden Cross', may trigger significant rebound

Summary: According to sources, cryptocurrency market analyst Mister Crypto stated on X platform that Bitcoin is retesting the 'Golden Cross', a bullish technical pattern historically preceding an uptrend. The Golden Cross is a bullish trading signal where the short-term moving average (usually the 50-day moving average) crosses above the long-term moving average (usually the 200-day moving ...

According to sources, cryptocurrency market analyst Mister Crypto stated on X platform that Bitcoin is retesting the 'Golden Cross', a bullish technical pattern historically preceding an uptrend. The Golden Cross is a bullish trading signal where the short-term moving average (usually the 50-day moving average) crosses above the long-term moving average (usually the 200-day moving average), indicating a shift from bearish to bullish sentiment and potential price increase. Currently, Bitcoin is hovering around $110,000, and maintaining above this level could trigger another rebound.

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