Bitcoin has just crossed the 20 week moving average. This a major milestone on the way to new all time highs, but it also occurred during the start of the last bear market. The much talked about dead cat bounce took the BTC price to the 20 week. What we didnt get in that dead cat bounce was a candle with a full body close above the 20 week moving average. We currently have the setup for a weekly close of a candle body completely above this key point. It is still early in the week but I believe its important to watch out for this. If we dont get a full body candle close above, I will be looking for a major downtrend. Closing with a full body above the 20 week, will be a confirmation to me that the Bull market doors have swung open and new all time highs are on the way.

BTC

  We also have Golden Crosses on the weekly and daily charts. This golden cross is when a lower time frame moving average goes up and through a higher time frame moving average, as they are charted. These golden crosses are regarded as signifying major upward moves in price. History shows this to be true in many cases. 

    These are the key factors I am looking at for Phase 2 of this Bull run to take off. I believe these golden crosses, when combined with a full body weekly candle close above the 20 week moving average will be a confirmation that $100,000 BTC price is on the horizon. 

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