A NEW GOLDEN CROSS SHINES ON BITCOIN AFTER 9 MONTHS

On Aug 6th I've analyzed the consequences of the 52-day SMA going under the 182-day, marking an early appearance of a “death cross”
Today a new ”golden cross“ appeared and the market is finally primed for a new bull run
🧵1/n

Crypto native, web3 wanderer, DeFi chemist and metaverse voyager.
Empirical reality can be operated by streams of bits and chains of blocks.

🧵3/n
At this time the imminence of the U.S. elections (Nov. 5) is holding down volumes and the total crypto market capitalization, as a Kamala Harris victory would bring a lot of downward volatility, while some fear that Donald Trump's victory may have been priced in.

🧵4/n
However, Bitcoin price action in the past has always proven to be more resilient than political events (e.g. U.S. elections) or geopolitical (e.g., international stress and wars), as over the med-long term the price never seems to have been affected.

🧵5/n
In contrast, over short-med periods the unpredictable socio-economic events such as the CoViD crash and systemic events such as the FTX bankruptcy have been more impactful, but not even these have been able to divert its long-term course.

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➡️ For the meaning of all the other signs shown in the graph, refer to my past analyses: https://x.com/natoil42/highlights
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🙏 If you like this thread, please put a ❤️ and mirror the first post, it's only two touches for you, but a huge help for me!
🧵🔚

🧵2/n
👉 I explained why the time is ripe on the highlight of Oct 8th

The last time this golden cross appeared was on October 30, 2023, exactly one year ago: since them, BTC has rallied for 4 months from $34.093 to $73.757, a 116% increase!