Bitcoin Plummets To 104K June Update

Bitcoin’s Golden Cross Signals Continued Bull Run

• Crypto analyst Doctor Profit accurately predicted Bitcoin’s price movements, including a decline from $109,000 to $77,000 and a new high above $111,000.
• The Golden Cross pattern appeared on the weekly Bitcoin chart, historically indicating multi-month rallies.
• A bearish divergence was noted but dismissed by the analyst as not significant due to past occurrences without impact.
• The Bitcoin price is supported by formations like the Cup and Handle pattern and is trading above all major moving averages.

The appearance of the Golden Cross on Bitcoin’s weekly chart suggests a continued bull run, with historical patterns showing multi-month rallies following this signal. Despite bearish divergences, momentum remains bullish according to key indicators.