#BTC Golden Cross 🚀 (Road to $300k)
Golden Cross is crossover of the 200-day average by the 50-day average. A golden cross suggests a long-term bull market going forward,
In 2020 Bitcoin printed golden cross on daily chart as result within 1 year bitcoin reached $64k from $8k that's 800% of growth.
If bitcoin manage to print golden crossover again and hold...
- Instead of using the halving date as an indicator for the start of the cycle. I took the first time BTC starting breaking its previous all-time high.
- By this measure, we were at a similar point in 2017 to where we are now . Boring consolidation after a massive collapse of around 40%.
- In 2017, after the 200th day the price of BTC rose by almost 1600% in...
Little exploration of some long term trends in Bitcoin.
Moved to a Logarithmic chart to drown out the price noise, such large increases, this makes trends easier to see.
Very interesting to see FIB waves lining up in terms of the price growth intervals, as well as the fib heights in terms of expansion.
Looking at this, could be that for next few years BITCOIN will...