Bitcoin Wanting To Find New Local Highs After Confirmation Of The Weekly Golden Cross Pattern

By Rubikkav | Rubikkav Insights | 8 Jan 2024


At the moment the cryptocurrency market is being moved by the rumor of a possible approval of investment funds.

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With the Golden Cross pattern on the weekly chart confirmed, Bitcoin surpassed $46k and is currently touching a major liquidity region between $46k and $47k.

In that region of liquidity, where many traders must pay attention to their short positions, as the influx of new capital is causing this digital asset to look for new local highs.


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This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice. The views, thoughts, and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Rubikkav.

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