Bitcoin’s price is nearing $35,000, fueled by a bullish trend and a technical pattern called a golden cross.
Market activity has surged, suggesting investors are optimistic about Bitcoin’s future price increase.
Bitcoin’s price rally shows no signs of slowing down as it approaches the significant $35,000 milestone, maintaining a robust growth trajectory for the third consecutive week. Market analysts attribute this persistent upward trend to a golden cross event on Bitcoin’s daily chart — a bullish indicator where the 50-day moving average crosses above the 200-day moving average.
Further fueling the positive market sentiment are liquidity maps by DecenTrader and Kingfisher, which suggest the potential for a short squeeze. Should Bitcoin’s value surpass the $36,300 pivot point, it could trigger a flurry of buying activity as short sellers rush to cover their positions, potentially pushing prices even higher.
Market Dynamics and Investor Sentiment Signal Confidence
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