- Technical Analysis from 'Titan of Crypto'
- Predictions from 'CrediBULL Crypto' and 'Rekt Capital'
- Current Bitcoin and Crypto Market Metrics
On Sept. 2, crypto analyst 'Titan of Crypto' reported to his 90,000 followers about a developing technical pattern that has never been seen before.
Technical Analysis from 'Titan of Crypto'
A 'Golden Cross' is forming between the 100-day and 200-day moving averages. Typically, a 'Golden Cross' is when a short-term moving average like the 50-day crosses above a longer-term one like the 200-day, indicating a bullish trend reversal.
Predictions from 'CrediBULL Crypto' and 'Rekt Capital'
On Sept. 3, analyst 'CrediBULL Crypto' predicted that Bitcoin could dip to $56,000 before any relief rally. Analyst 'Rekt Capital' observed that Bitcoin needs to close above $58,300 on the weekly chart to secure the channel.
Current Bitcoin and Crypto Market Metrics
Bitcoin has gained 3% over the past 24 hours, reaching an intraday high of $59,800. The total crypto market capitalization has increased by 2% to $2.17 trillion, with altcoins like Solana (SOL), Dogecoin (DOGE), and Uniswap (UNI) also showing gains.
Analysts continue to monitor the development of moving average patterns that may signal significant shifts in the Bitcoin market.
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