The crypto market is growing increasingly bullish as analysts point out that another golden cross is approaching. Many expect a major pump, and the expectations alone might cause a start of a new rally.
Bitcoin is about to see another golden cross
The Bitcoin price has seen a 5% drop in the last 24 hours, following a rally that pushed the coin up over the past four days. Its price went from a support at $64k to a resistance at $70,000, only to drop back down to $66.3k, which is where it finds itself right now.
However, analysts have recently pointed out that the world’s oldest crypto might soon see the formation of another golden cross. This is a basic technical indicator that occurs in the market when a short-term moving average (50-day) of an asset such as BTC rises above a long-term moving average (200-day).
The formation of a golden cross is typically an indicator of a short-term price increase, which is often strong enough to reverse even a long-term price downtrend. However, the crypto sector is currently at the brink of a bull run, which is expected to come at any point, even though experts do not expect it for another few months.
https://x.com/eljaboom/status/1817914491763634244
Still, the formation of a golden cross could speed up the timetable, and potentially cause the upcoming rally to begin earlier. Especially since analysts point out that the last time a golden cross was formed, BTC price surged by 174% over a period of four months. In other words, BTC holders have every reason to be bullish right now, as this sentiment might soon start reflecting on the Bitcoin price.
BUY 99BITCOINS BEFORE ITS PRESALE ENDS
99Bitcoins — The Best Alternative to Bitcoin right now
While Bitcoin could potentially see a major upcoming price surge, it is not the only crypto worth considering right now. Another high-potential project that investors might want to join right now is 99Bitcoins (99BTC), especially since it is currently still in presale. However, its ICO is scheduled to end in seven days, making this the last chance to buy before its token goes live.
https://x.com/99BitcoinsHQ/status/1815681279595049211
99Bitcoins is a cryptocurrency launched by a popular crypto platform that goes by the same name. The platform has been around for over a decade, publishing educational content for the crypto community. Initially, it started educating crypto users about BTC itself, only to eventually expand its database to cover the altcoin market as well.
Now, however, it has decided to launch 99BTC, its own token, which will have a larger role to play in the platform’s future. 99Bitcoins is also working on a new educational platform that will introduce a completely new and original Learn-To-Earn (L2E) model, rewarding those who use it to learn about crypto with 99BTC tokens.
The project intends to revolutionize learning by giving the users a monetary incentive, but it will also introduce new learning modules in order to make the process more interactive and interesting. And, if it ends up being a success, this might become a new way to provide education in the future.
LAST CHANCE TO JOIN THE 99BTC ICO
In other words, 99Bitcoins has massive potential, and many have joined its presale to support it. The ICO raised over $2.57 million while selling its token for only $0.00116, making it highly affordable. You can still join the ICO and buy 99BTC with ETH, BNB, USDT, or credit/debit cards. Just don’t wait too long, as the presale will end on August 6 at 2 pm UTC.
