Bitcoin Breaks Above $110,000: Golden Cross Signals Potential to Reach $113,000

A major technical signal has confirmed a bullish trend in Bitcoin with the golden cross formation achieved on its 50-day moving average crossing above the 200-day moving average. This signals potential for further price growth and positions BTC nearing the $113,000 resistance level as predicted by renowned analyst Benjamin Cowen. This breakthrough is driven by both technical advancements and significant short liquidations, which fueled a surge in Bitcoin’s price.