Bitcoin 
$117,984.00In the 50 -day simple moving average (SMA) cut the 200 -day average up, a new gold intersection signal reappeared. The price is currently watching the 120,000 dollar threshold horizontally, while analysts point to a possible preparation for a possible upward acceleration. Crypto currency analyst Merlijn139 percent in 2016 after this intersection in the past, 2 thousand 200 percent in 2017, 2020 thousand 190 percent of the rise of the increase in the current formation of the parabolic rise potential highlighted. On the other hand, the signal in September 2021, the rise of 50 percent, 2023 in the intersection of 45 percent of the intersection, he added. Rekt Capital said that the daily closing for the permanent new summits is over 120 thousand dollars and then a back test should be done.
HISTORICAL TABLE OF THE GOLDEN INTRODUCTION Signal and Discrimination
Gold intersection50 -day SMA’s 200 -day SMA cutting up and usually increases the possibility of a strong trend continues as a technical indicator. Past examples quoted by Merlijn reveal that the intersections in 2016, 2017 and 2020, respectively with three digits and even four -digit rates, respectively. In weaker examples, after the September 2021 signal, only 50 percent, 2023 in October, then 45 percent of the limited rally came. In this type of short -lived intersections, an average of 50 days could not provide permanent holding over 200 days.
On the other hand, the technical indicator alone does not offer guarantee, macro conditions, which is a negative example of the intersection of February 2020 COVID-19-based global market shock with 62 percent of the price fell. This example shows that after the technical signal, unexpected external prints can trigger harsh decreases and the purely intersection phenomenon is not sufficient.
Re -test will be the determinant of the rise
Bitcoin is currently under the threshold of $ 120,000, while analyst’s interpretations, despite the potential rise signals, draw attention to the approval conditions. Rekt Capital The daily closing of the permanent upward movement is required to first overcome this threshold and then to test it by withdrawing. sees. Merlijn argues that the current formation carries the same signal character as the previous strong periods, and that the paraboolic scenario may come up again.
According to analysts, long -lasting intersections indicate the permanence of the trend, while the influence of the intersections that cannot provide a short -term overlap is limited. The current expectations are supported by the narrowing of supply and the perception of increasing demand. However, the fact that the price has not yet been closed and the intersections in the past should not act according to hasty predictions based on a single indicator, based on a single indicator.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
