From BigGo Finance · BigGo Finance · · 1m
Bitcoin Nears Bullish Golden Cross
Bitcoin approaches golden cross as bulls target $90,000 retest.
In brief
Bitcoin approaches golden cross as bulls target $90,000 retest. Bitcoin nears bullish golden cross with bulls eyeing $90,000 retest after $87,438 resistance. Originally reported by BigGo Finance.
Bitcoin approaches golden cross
Bitcoin is closing in on a widely watched bullish technical formation.
20-period EMA converges on 200-period EMA
The 20-period exponential moving average is converging on the 200-period EMA.
Historical gains after golden cross
Past golden crosses produced average gains of 33.78% with 2019 at +50.73% and 2020 at +18.38%.
Current price nears $84,011
Bitcoin traded near $84,011 with bulls eyeing $87,438 resistance.
Macro pressures ease
Macro pressures show signs of easing though US Dollar Index remains a headwind.
Onchain metrics suggest contained selling
Low exchange reserves and elevated whale holdings indicate contained selling supply.
Traders monitor funding rates
Traders watch funding rates, open interest, and dollar movements for breakout or squeeze signals.
At a glance
Bitcoin nears bullish golden cross with bulls eyeing $90,000 retest after $87,438 resistance.
