Bitcoin is moving sideways for some time now and also forming a triangle. It is close to get a crossover with the 50D 4h MA and 200D 4h MA. If the crossover happens then the bullish golden cross pattern has been formed and a big price increase will take place, you can look back to previous golden crosses on the chart.
But this doesn't mean we can't get a drop in price, on 1sep 2020 the bitcoin price dropped before crossing over so still anything can happen before we get a crossover.
But this doesn't mean we can't get a drop in price, on 1sep 2020 the bitcoin price dropped before crossing over so still anything can happen before we get a crossover.
Target price: 70k