Bitcoin Bulls Gear Up: 200-Day SMA Rise And Historical Trend Signal $50,000 Price Target

In a surprising turn of events, Bitcoin (BTC) has once again defied expectations by reaching a new yearly high, igniting speculation about whether it can break the $40,000 milestone.

After a brief consolidation phase, the leading cryptocurrency has regained its bullish momentum, soaring to a peak of $38,000 before retracing to its current trading level of $36,400. As the market eagerly awaits the next move, experts and analysts weigh in on Bitcoin’s potential to sustain its upward trajectory.

BTC’s Golden Cross Signals Potential Surge To $50,000