$ 26k Target on Bitcoin

As indicated by Cointelegraph Markets analyst Keith Wareing, as of February 18, Bitcoin was above the 200-day moving average and increased its 50-day moving average volume. The event, known as the "Golden cross", is rarely encountered in the cryptocurrency market. Although BTC / USD has fallen nearly $ 1,000 recently, Wareing believes its profit potential in the short term. "When this event took place for the last time, Bitcoin gained 170 percent in less than 60 days," he said on Twitter. Wareing stated that Bitcoin, which was around $ 9,800 at the time of publication, has maintained its support on a generally rising price triangle.

$ 26k Target on Bitcoin

The Golden Cross theorem makes Wareing the third name of this month, which predicts big earnings in the short term. As Cointelegraph reported, Tom Lee from Fundstrat believes that by reaching resistance from Bitcoin's 200-day moving average, it can reach $ 27,000 by August.