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Golden Cross For Bitcoin Could Be Well In Advance In August!

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    Bitcoin price since the past couple of days appears to have flipped the bears as it comfortably heads towards $44K resistance

    As the bulls gear up for a bullish weekend, the price could eventually hit the target set at $50K in the short term

The crypto market seems to have come back on track as most of the coins experience a huge surge. Bitcoin price after a 6% jump in the previous day’s trade, added up to another 6% fresh jump. The crypto market appears extremely bullish and most of the coins could experience a series of pumps for the next few weeks.

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The deadly death cross drained off more than 10% in the BTC price, however, it continued to accumulate later, waiting for the right time to surge. With multiple rejections along the same regions, the asset showcased a strong consolidation. After breaking $41,000 just a day before, closing the day’s trade above $43K levels could clear the path towards $100K.

Also Read: Bitcoin Price To Hit $450K & Ethereum Price Aims At $17K, But When?

As Coinpedia reported earlier, the BTC Golden Cross event is anticipated to occur somewhere by the end of August or Mid-September. But with the price trading at $43K within a very small time frame, the event could advance for nearly a fortnight. 

The analyst predicts the Golden Cross to appear in the mid of august and hence a substantial jump may also be fast approaching. However, a slight correction could also be underway but if the golden cross appears then it could prevent the price from losing bullish momentum. And also fuel the BTC price rally. 

Also Read: Ethereum Price Breaks $3000, New ATH At $5000 Appears Imminent!

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Disclaimer : The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of Coinpedia. Every investment and trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Sahana Vibhute

A passionate cryptocurrency and blockchain author qualified to cover every event in the crypto space. Researching minute occurrences and bringing new insights lie within the prime focus of my task.

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