Titan of Crypto Cryptocurrency Analyst highlighted a bullish indicator on the Bitcoin chart. The analyst also revealed what happened the last time the pattern formed, suggesting the leading cryptocurrency could enjoy significant price augment coming soon.

Golden Cross Forms On Bitcoin Chart

Titan Crypto revealed on X (formerly Twitter) fasting that a Golden Cross formed on Bitcoin’s 2-month chart. He added that the leading cryptocurrency company experienced a “massive” rally every time this bullish indicator appeared on its 2-month chart. His accompanying chart showed that this last happened in 2021, when Bitcoin rose from around $13,000 to over $60,000.

While it is unclear what will happen this time, there is no doubt that the leading cryptocurrency is long overdue for a significant rally, considering that its price has stagnated since reaching a up-to-date high All-time High (ATH) in March of this year in the amount of $73,000. In another Posts XThe Titan of Crypto has suggested that Bitcoin’s much-anticipated rally could begin in October.

A cryptocurrency analyst noted that historic bear september always sets the stage for risk assets like Bitcoin and US stocks to end the year with a gigantic bounce. Meanwhile, the Titan of Crypto remains bullish on Bitcoin despite calls that it is now in a downtrend. He stated that Bitcoin is still bullish on the monthly time frame. He added that the cryptocurrency is still maintaining its Tenkan and stated that his bullish outlook will remain intact as long as it stays above the Tenkan line at $49,900.

Based on the attached chart he shared, Bitcoin needs to break above $71,000 to reach a up-to-date ATH in this market cycle. The crypto analyst had previously predicted that by 2025, the price of this cryptocurrency could reach a market peak of $120,000.

October is a month worth waiting for

Rekt Capital Cryptocurrency Analyst also echoed a sentiment similar to Titan of Crypto, suggesting that October is the month to look forward to. He noted that history suggests Bitcoin should enjoy a breakout from re-accumulation range in the next two weeks. However, he added that there was a greater chance that the eruption would occur in October.

October is historically a sturdy month for the leading cryptocurrency, especially in halving years like this one. Bitcoin’s potential October rally is expected to extend into November and December. Rekt Capital highlighted that the cryptocurrency enjoyed three consecutive months of growth in the fourth quarter of 2016 and 2020. halving years.

At the time of writing, Bitcoin is trading at around $57,700, up more than 3% in the past 24 hours, according to data data from CoinMarketCap.

Featured image created with Dall.E, chart from Tradingview.com