If history repeats itself (spoiler: it usually doesn’t), bitcoin could see a huge run in the next two months, according to Cointelegraph analyst Keith Wareing.
Why? Look to the cross… the “golden cross.”
ascending 50-day moving average recently crossed over its 200-day moving average, a rare occurrence that had other popular crypto pundits chiming in on Twitter
As Wareing pointed out, the last time bitcoin saw this kind of bullish action, the price shot up 170% in less than two months.
Meanwhile, optimism continues to bubble over among crypto bulls, like Max Keiser, who just raised his target from $100,000 to $400,000.
“I first made this prediction when it was $1, I said this could go to $100,000,” he said Monday on InfoWars. “I’m raising my official target for the first time in eight years, I’m raising it to $400,000.”
At last check, bitcoin was trading at $10,116.