‘Don’t be late to the party’ — bitcoin rose 170% the last time this signal flashed
Story by: SHAWNLANGLOIS
Bitcoin $26,000?
If history repeats itself (spoiler: it usually doesn’t), bitcoin could see a huge run in the next two months, according to Cointelegraph analyst Keith Wareing.
Why? Look to the cross… the “golden cross.”
Yes, bitcoin’s BTCUSD, +0.85% ascending 50-day moving average recently crossed over its 200-day moving average, a rare occurrence that had other popular crypto pundits chiming in on Twitter TWTR, +1.79% :
₿lackbeard@crypto_blkbeard
The Moon@TheMoonCarlBULLISH: The #Bitcoin golden cross has officially happened!
The 50-day MA just crossed above the 200-day MA.
This is a sign that the momentum is shifting into bullish!
As Wareing pointed out, the last time bitcoin saw this kind of bullish action, the price shot up 170% in less than two months.
Meanwhile, optimism continues to bubble over among crypto bulls, like Max Keiser, who just raised his target from $100,000 to $400,000.
“I first made this prediction when it was $1, I said this could go to $100,000,” he said Monday on InfoWars. “I’m raising my official target for the first time in eight years, I’m raising it to $400,000.”
At last check, bitcoin was trading at $10,143.
Original story: https://tinyurl.com/wkrye97
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