Key Takeaways
- Bitcoin’s price aims for a possible $109,000 breakout, as it has demonstrated a strong rebound following the recent rejection.
- Crypto experts expect a potential 70% to 120% rally for BTC ahead of the Golden Cross breakout.
- If the price breaks out above $20, which acts as resistance, TRUMP coin could see a strong price rally above $50.
Bitcoin’s strong rally from a region of $74,500 continued to a high of $107,000 early Sunday as its price struggled to break past the region of $109,000, acting as the previous all-time high. Its price saw a sharp rejection towards $102,000 before making a slow movement towards $105,000, where it remained in a price range for days.
The price action for BTC hasn’t been encouraging, as many altcoins, including Ethereum, Solana, Dogecoin, and others, have struggled in the last few days. However, BTC’s recent price action of reclaiming its price above $107,000 has gained much attention from traders and investors.
Bitcoin (BTC) Potential Golden Cross With 120% Potential
This price action has sparked a key price action for BTC, as crypto experts suggest a BTC golden cross is about to play out, with a previous golden cross followed by a strong price rally to the upside.
According to Ashcryptoreal, a breakout of BTC’s golden cross could see a potential rally of around 120% compared to previous rallies after a golden cross. This could also boost the price of many altcoins and meme coins that have struggled in the last few months.
Misterrcrypto, a crypto expert, has also highlighted the golden cross for BTC. Previous crosses above the 50-day and 200-day EMAs have proved rallies in the region of 70% to 160%, and the crypto analyst has suggested what could be the potential rally for BTC.
If Bitcoin’s price breaks out with such a rally to the upside, we could see many altcoins and meme coins pulling numbers for crypto traders and investors; with TRUMP coin becoming a strong meme coin, many crypto traders would be looking to accumulate, as its price has struggled in the last three months after crashing from $77 for a Solana-based meme coin.
TRUMP Coin Breakout Above $20 Could See A Rally To $50
Source – TRUMP Coin Price Chart From Coinmarketcap
TRUMP coin has witnessed a significant price crash over the last three months. Its price fell from a high of $77 to a region of $8 as it struggled to regain strong bullish price action to the upside, which failed to materialize several times.
The TRUMP coin price is gaining strong buzz around the internet ahead of Donald Trump’s dinner with TRUMP coin holders. In the past few weeks, the TRUMP coin’s continued trading below $20 has caught the attention of crypto experts.
A breakout above this zone could signal a strong price rally to the upside for its holders. The price has the potential to rally towards $50 or $77, as its higher timeframe has indicated a strong breakout to the upside. However, this breakout is accompanied by little volume to sustain such a rally.
