Crypto Winter - Thawing? BTC forms bullish golden cross!

[Adriana Lowe]

Is this a sign that crypto winter is thawing? BTCUSD has formed its first bullish golden cross since October 2015. This bullish signal follows a 35% rally for Bitcoin, and its resurgence has also been reflected in record contract trading volumes in the CME futures market earlier this month.

 https://scontent.fsin2-1.fna.fbcdn.net/v/t1.0-9/fr/cp0/e15/q65/57798917_441486356608082_6738878312480768000_n.png.jpg?_nc_cat=111&efg=eyJpIjoidCJ9&_nc_ht=scontent.fsin2-1.fna&oh=5565c259b38c51bb60df5747818fcd18&oe=5D3D576B
Chart from Sigma by Hydra X

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[Haunebu]

Totally possible. Bitcoin has risen from the $3k range to the $5k range and is hanging steady withing the $5k range at the moment. This organic growth is much better than the inorganic growth during the 2017 rally.

It might continue growing organically upto $9k by the end of this year.

[CryptoBry]

As of today, there are indeed many signs that we can be soon out of the Winter Phase of Bitcoin and the rest of the cryptocurrency market. And I am hoping that this trend can be gaining more and more momentum as we are heading towards the end of the year. Though we still have to be careful as we know that this market can go volatile anytime. Considering the current situation, it can be safe to surmise that the market perception is heading towards some little bull runs. That big bull run we are waiting and hoping can be a little far off though. We should always remain positive so that this aura can be gaining ground all over the world.

[Kakmakr]

As long as we have a stable increase in merchant adoption, we will also see a increase in normal adoption patterns and a increase in the Bitcoin price. We do not need huge price spikes and big drop in the price, to get us where we want to be.    <The 2017 rapid increase to $18 000+ did more harm than good, because the recovery chased a lot of people away in the end. 

We also have some possible good news coming from institutional capital that might come in the future and this hope is also driving speculation in the future price. 

[pushups44]

Yes, the golden cross is historically very bullish for bitcoin. Combined with the upcoming halving of 2020, the ingredients are in place for a massive bull run. However, I'd like to see further Lightning Network development before BTC pumps.

[NeuroticFish]

Is this a sign that crypto winter is thawing?

Everybody is rejoicing since the golden cross was spotted. However in the last 12 hours the market has become somewhat uncertain.
As I said 2 days ago: if we stay some more days above the 5400 mark we can clearly say the spring is here.

[The Cryptovator]

Isn't winter & summar related each others? Obviously after winter exit summer will take entry. Why why it will not apply on bitcoin? Why bitcoin will carry only winter? Honestly we are on middle position between winter and summar. But look like bitcoin winter going to end once again. Bitcoin current behaviour is positive. Any time could break $6K zone. If really break then obviously we will be on bitcoin summar zone. And that's what we are waiting for. Golden cross one of sign for our expectation.

[Harris Stevens]

Bitcoin summers has begun and hopefully it will blossom on a stable manner.

[dothebeats]

Highly possible, though I don't think we should be elated this early knowing that this is yet another pattern that could go unfulfilled for the next few months. We have seen bullish signs and indicators even in 2018 but we have failed to stay our footing on $6000 levels and dropped down to $3000. Anyway, hopefully this is something positive and true this time, as we are due for gains for quite some time now.

[Erickan]

A lot of signals show that bitcoin is coming out of the crypto winter, the movement of the price line is very clear. A break from $ 3k5 to $ 5k shows that bitcoin is showing signs of entering the up trend. However, it is only positive signals, bitcoin has not really reassured us since it has yet to break the $ 6k level. This is one of the biggest barriers that bitcoin has to overcome to enter the up trend.

[kryptqnick]

I agree with others that this time it seems like Bitcoin is finally back on track. It's been enough time since the price went above $5k. It seems to have overcome this barrier. However, the crypto is still struggling with the $6k barrier for now. Once it stabilises above $6k, though, it can get stuck there for months, just like it did in 2018 on it's way down. I agree with Kakmakr that rapid growth is harmful, so we have to find patience and wait for the price to climb up slowly and confidently this time.

[DeathAngel]

I think we’ve already seen the bottom off the last cycle. We’re transitioning into a baby bull market so only good things from here gentlemen. We’ll probably see the top of this new cycle in around 2022.

[pundit]

As someone said in previous post this organic growth of Bitcoin seems better than inorganic growth in 2017. Panic selling is more prone in inorganic growth which happened in 2018. I did not study about golden cross but I have been saying this in many of my last posts, $3K seems bottom and there was sideways trend for many days after a long bear trend, its very much possible that a bull run may may come sooner of later. I hope we will enjoy Bitcoin springs soon.

[antisocial77]

Its important but not proof of bull run.mu only hope is ma50 work as support.and many people ( me too) were still at altcoins, hopefully btc dominance dont rise anymore otherwise alts will be really destroy

[tomahawk9]

Everybody is rejoicing since the golden cross was spotted. However in the last 12 hours the market has become somewhat uncertain.
As I said 2 days ago: if we stay some more days above the 5400 mark we can clearly say the spring is here.

A golden cross is simply a bullish sign that tells you that it's very likely that we'll keep seeing an upward movement, but that doesn't mean we won't see pullbacks, volatility will still be present, and even in a bull market, drops in the prices are very common.

And we could stay in the 5400 range for weeks but, to me, that doesn't signal anything other than that we're building a good floor before testing resistance levels.

[Genemind]

It is possible, bitcoin growth this year had been steady compared to last year when the bear-market started. Bitcoin price had been steady at almost 3,500+$ since 2019 started and rose up to $5,000. The recovery is not drastic as how it was before. We might not experience a sudden bull-run same as what happened on the bull-market last 2017. Having a steady growth on the market is more credible than what happened last time where price spiked and reached it's ATH in just a matter of time.

[killat]

Best to devise strategies that are profitable in all conditions (flat, bull, bear) instead of trying to predict/anticipate/understand trends.

And don't forget to never invest more money than you can afford to lose.

[jakelyson]

The golden cross is a very good sign that the market is ripe for a bull trend. And it is showing in the price movements. There are small pullbacks here and there, but generally, it is an uptrend. We will see in a few weeks if this will develop in a full bull run.

[Jaycee99]

Totally possible. Bitcoin has risen from the $3k range to the $5k range and is hanging steady withing the $5k range at the moment. This organic growth is much better than the inorganic growth during the 2017 rally.

It might continue growing organically upto $9k by the end of this year.

 Wishing a good outcome as of today's bitcoin value holding and waiting for more increase and return the value that was missing from the falling moon that got bitcoin to 3,000 dollars.

IN my view that bitcoin value and other altcoin as well can not be predict if it will rise to the moon. So respecting your theory that bitcoin value may go up to 9k $ by the end of the year. I was hoping for more because after all it was on 3k state this past few months. I know we have our ways but me saying 9k more is a wish but base on what I can see and learned form my watched video about bitcoin and how to see the so called candle, basing on how I predict as of now maybe this month it will play on 6k going up and down. because now bitcoin value is at stable to 5k and going a little up and down.