Bitcoin Dey Near 4H Golden Cross, E Dey Target $120K
Bitcoin dey near one golden cross for im 4-hour chart as di 23-period moving average dey near di 200-period moving average. For di past week, Bitcoin rise from $116,600 to $118,600, break key resistance for $117,500–$118,000 and establish support near $116,400. If golden cross confirm and trading hold above these level, e fit push Bitcoin go $119,000 and $120,000. Low liquidity for weekend fit make volatility sharp, cause quick movements and fast bounce back from support. Traders suppose dey watch di golden cross signal and key levels for possible entry and manage risk with stops below recent support.
Bullish
Di 4-wa golden cross wey dey come soon—wey be di meeting point of 23 and 200 period moving averages— dey signal say di market fit change to bullish momentum. Di recent break dem dem do pass $117,500–$118,000 and new support close to $116,400 show say demand dey strong. If di golden cross complete and price still hold dat levels, short-term upside go likely reach $119,000 and $120,000. Weekend liquidity wey low fit make market volatile, e fit give quick rebound chance but e still get risk say sharp moves fit happen. Overall, di technical setup and momentum side with bullish trend, but traders suppose use stops to manage downside risk.