Bitcoin Golden Cross Dey Spark Bullish Bias for $115–122K Range
Bitcoin don dey kampe for between $115,700 and $122,000 as e dey form Bitcoin golden cross, wey be say 50-day moving average don pass 200-day moving average from bottom, dis kain pattern before don lead to big rallies like 139% for 2016, 2,200% for 2017 and 1,190% for 2020. Growth-rate indicator (Market Cap/Realized Cap) plus 12-hour chart dey show say e get bullish moving-average alignment—50-SMA above 100 and 200-SMAs and support still dey strong near $115,700. Volume never too high, e mean say trading dey range as traders dey watch make e close and try test pass $120,000 again to confirm say breakout go happen. Even though past golden crosses for 2021 and 2023 bring small gains, shortage of supply, increase demand and interest from big institutions fit make parabolic rally possible. If e break above $122,000 well, e fit carry BTC go new high, but if e no fit hold the important support, e fit drop back to $112,000–$110,000. Traders suppose dey watch well for confirmation of Bitcoin golden cross and how big picture dey play to sabi how strong the bullish move fit be.
Bullish
Combine di consolidation wey dey happen for $115,700–$122,000, di Bitcoin golden cross and di bullish moving-average alignment, market indicators dey signal say di upward momentum go strong. For short term, traders fit still dey trade inside di range until BTC close pass $120,000 and come try dis level again, wey fit make am breakout go new heights pass $122,000. For long term, di golden cross wey join hands wit better growth-rate, lower supply, rising demand plus institutional interest don always come before strong rally, wey mean say e fit lead to parabolic gains. But if e no hold key supports, e fit cause small fall back to 50-SMA or $110,000–$112,000 level dem.