Altcoin News: Bullish Signal Ahead, Is Now the Time for Big Bullrun?

July 29, 2019, by Marko Vidrih on ALTCOIN MAGAZINE

On TradingView the user and analyst TradingShot discovered an interesting discovery in the chart image of Bitcoin.

Image credit: TradingView

The 20-day line crosses the 200-day line coming from below in the chart. This event is also called a golden cross. In January 2016, this formation already existed once. What happened to it? — There was a clear upward trend, which ended in 2017 in the biggest hype about cryptocurrencies so far.

The golden cross is likely to become apparent in the next few days. Whether the price then makes a similar long-term movement, as from 2016 has yet to show. The comments on the price analysis are split. Most, however, believe that history will be repeated. We’ll see what will happen — nobody can predict that.

Author: Marko Vidrih