Bitcoin 3D Chart Reports Golden Cross with a Possible Rally above $25K – Morgan Creek Cofounder - Today's Gazette - Cryptocurrency, Bitcoin News
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Bitcoin 3D Chart Reports Golden Cross with a Possible Rally above $25K – Morgan Creek Cofounder

Bitcoin 3D Chart Reports Golden Cross with a Possible Rally above $25K – Morgan Creek Cofounder

Bitcoin

Bitcoin 3D Chart Reports Golden Cross with a Possible Rally above $25K – Morgan Creek Cofounder

For the second time in 3 days, Bitcoin has managed to escape the $9,500 resistance level and there is hope that a winning streak can be maintained for long. Hence, the cofounder of Morgan Creek posited that Bitcoin has seen a Golden Crossover.

The desirable move made by Bitcoin on July 27 which spiked BTC from around $9,800 value to above $10,100 placed many in euphoria with the believe that Bitcoin has yet made a rebound for an unending ceiling.

However, the rally was unsustainable and Bitcoin, within 12 hours, slipped off the $10,000 support level to a position worse than the previous – $9,400. Afterward, Bitcoin hovered between $9,400 and $9,500 for another two days before a sharp plunging testing $9,300 was made at the closing hour of July 28.

Bitcoin subsequently returned on the upside trend, extending beyond $9,600 for the first time in 2 days, and a balanced around $9,500 was later maintained for another two days.

Today, BTC has returned on the upside today at the early hours of the European trading session. At press time, a unit of BTC is valued $9,667.

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Experts and analysts in the market have flagged the present trend of Bitcoin as a golden crossover.

Bitcoin 3 Day Chart Presents Golden Crossover

Jason .A. Williams, a cofounder and partner at Morgan Creek, today averred that the 3 days chart of Bitcoin is reporting a Golden Crossover.

Williams said this is happening for the first time since February 2016. A similar crossover happened six months prior to the Bitcoin’s halving in August 2016, resulting into a jumbo bullish rally.

Bitcoin Could Be Heading For $25+K If History Repeats Itself

If history repeats itself, enthusiasts, investors and traders should be expecting an epic rally that will drive Bitcoin’s price up the market chart.

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In another statement, the market expert said if the golden cross eventually leads to a bullish rally, Bitcoin will likely exceed its all-time and values above $25,000 would be achievable.

I am a lifetime Entrepreneur, Contributor @Thrive Global, @Oracle Times, @Coin Gape. Khalid Lawal is a lover of Blockchain technology and a junior analyst. • Hopes to be a venture capitalist one day. 

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