Bitcoin's golden cross points to a 20% leg up in mid-October
Bitcoin looks set for a push higher in the second half of October, which would be good news for holders.
- The big move after a golden cross — when a short-term price average crosses above a long-term one — usually shows up around day 40.
- That timing lines up with the third week of October, roughly the 18th.
- Past moves of this kind have carried Bitcoin about 20% above where the cross happened.
- The next week or so is expected to stay quiet before the move starts.
Outlook: If the pattern holds, Bitcoin should begin a sharp climb within the next two weeks.