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Exciting News for Bitcoin! πŸš€

For the first time ever, Bitcoin is forming a weekly golden cross! This significant technical pattern happens when the 100-week moving average (MA) crosses above the 200-week moving average. In traditional markets, such crossovers are typically seen as a strong bullish signal, often indicating the potential for a major upward price movement.

Could this be a sign of a new bull run for Bitcoin? Only time will tell, but this crossover adds an interesting layer of optimism. Keep an eye on the charts!

#bitcoin #charts #bulls #bears
164❀️11πŸ€™2🎯1
BTC_Alpina · 83w
Here we go…. πŸš€
Thomas · 83w
Cannot believe this is the first time ever. But maybe because you have these longterm MAs. 100 weeks is 2 years, 200 weeks almost 4 years. #Bitcoin is just 15 years old. For me it’s bullish πŸš€
Clicktivism · 83w
Where we going? 😎
Radokama Grandmaster Splat · 83w
I see a cup and handle forming, but volume needs to drop almost to zero before the bull flag forms. Where we at on that line?
BitLo · 83w
Looks like a bull flag technical pattern. Bitcoin has been consolidating prior to its next move higher imo.