Lark Davis, one of the most famous analysts in the crypto money industry and has 432,000 followers, delivered one of the news that crypto investors most want to hear right now. In his most recent video, the analyst touched on the possibility of Bitcoin starting a new bull season.
The expected signal for Bitcoin has arrived
According to the analyst, Bitcoin has signaled a new “golden cross”, which is actually very good news, as many investors know.
It’s official. This is now official and approved. We saw a golden cross on the Bitcoin chart. This, of course, is known as the 50-day moving average above the 200-day moving average, which is certainly good to see. “
The analyst also revealed the movement of the price of Bitcoin each time the gold cross was seen, and emphasized that the price increased by 700% after the signal seen in May 2020. Davis also recalled that BTC rose 200% afterwards. of this signal seen in April 2019. In September 2015, this signal led to an uninterrupted bull season, with BTC going from $ 300 to $ 20,000.
Anist emphasized that BTC’s first gold crossover was in February 2012, and the price increased by 22,000%. Stating that this signal is very positive after the coronavirus epidemic increased in speed and severity, the analyst definitely thinks that the price will move in the coming days. Although technical analysis is not always 100% correct, both fundamental and technical support this situation at this time.