Bitcoin - Ichimoku Golden Cross - Rally Incoming?
Today, $BTC flashed a golden cross signal on the daily chart — often a bullish breakout pattern that leads to a massive rally.
Overall, #Bitcoin still trades in downward channel which can be interpreted as a bull flag.
Looking at lower timeframes, it seems likely that we‘ll see another dump towards the channel bottom (as mentioned in a post earlier today).
However, on higher timeframes a bullish reversal becomes more likely.
The last golden ichimoku cross in February led to a massive rally too.