There is a “Golden Cross” Alert for Bitcoin

While volatility continues in the cryptocurrency markets, Bitcoin has given a critical bullish signal in technical and macroeconomic indicators.

According to the latest data discussed on “The Wolf Of All Streets” program, the Golden Cross pattern in technical analysis, increased capital inflows into spot ETFs, and the decline in Tether (USDT) dominance could open the door to a new rally of up to 25% in BTC.

In addition to technical signals, the episode also featured BitGo CEO Mike Belshe, a leading figure in the industry, who offered important insights on institutional custody solutions, futures market dynamics in the US market, and institutional investor appetite.

In Bitcoin charts, the approaching golden cross signal, where the short-term moving average crosses the long-term moving average upwards, is interpreted by technical analysts as a sign of strong buying appetite.

According to analysts, this development is considered a strong bullish signal by investors, while the decline in Tether’s dominance in the market proves that investors are exiting cash positions and moving directly into risky assets. The fresh capital flowing into spot Bitcoin ETFs is absorbing potential selling pressure and solidifying the price floor.

*This is not investment advice.

Source