Post
Topic
Board Speculation
Re: Bitcoin Golden Cross approaching
by
tbct_mt2
on 21/10/2021, 06:53:40 UTC
I think This is the Best Golden Cross approaching. What do you Think?




In my opinion, the condition of the Golden Cross gives a signal that the price of bitcoin is in a strengthening trend so it has the potential to rise and this has started a few weeks ago. If the bitcoin price is in this condition, you can make a purchase. The bitcoin price increase will continue and the next resistance target is $65k.
Golden cross can be a fake one if it does not occur with increasing in volume. In order to have a good and sustainable growth, we need golden cross, increasing trading volume.

If golden cross occurs with decreasing volume, we must be careful, it can be a fake golden cross and price can drop after the cross.