Bitcoin is at a crucial moment, with Altcoin Daily pointing to a "perfect setup" for a potential rally.
Key Highlights:
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The key indicator is a Golden Cross, where a short-term moving average crosses above a long-term one, historically leading to significant price jumps, as seen in 2012, 2016, and 2020.
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This pattern is happening again, hinting at another possible surge.
Altcoin Daily also notes bullish news, such as UK recognition of Bitcoin as personal property and increased ETF inflows, signaling institutional buying that could further boost prices.
Despite some calling the Golden Cross a lagging indicator, Altcoin Daily believes this setup is primed for another rally, staying optimistic while monitoring the charts for updates.
