Bitcoin Reaches New All-Time High as Analysts Debate Golden Cross Signal

Bitcoin's price has experienced significant movement in the past 24 hours, breaking through the $105,503 resistance zone. This upward trend has led to new all-time highs, with Bitcoin currently trading at $110,734 after reaching $111,544.

Analyst Critiques Golden Cross Indicator

FX_Professor challenges the bullish sentiment surrounding the golden cross, where the 50-day moving average crosses above the 200-day moving average. He argues that this is a lagging indicator and suggests that early entry points are more crucial for traders.

Identifies key accumulation zones at $74,394 and $79,000 prior to the golden cross.
Recommends focusing on price structure and real-time pressure zones rather than relying solely on indicators.
Shares a custom chart indicating early buying opportunities dating back to April.

Despite the debate over the golden cross, it remains a bullish signal for Bitcoin's future price action. Analysts expect potential further increases as Bitcoin moves toward the next target near $113,000.