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Analyst: Bitcoin is retesting the "golden cross" and may see a significant rebound.
On October 12, crypto assets market analyst Mister Crypto stated that Bitcoin is retesting the "golden cross," which is a bullish technical pattern historically preceding a rise. The golden cross is a bullish trading signal where the short-term moving average (usually the 50-day MA) crosses above the long-term moving average (usually the 200-day MA), indicating that the market may shift from bearish to bullish, suggesting that prices could start to pump. Currently, Bitcoin is hovering around $110,000, and if it can maintain above this level, it may trigger another significant rebound.