Bitcoin Nears Rare Golden Cross, Targeting $120K

Bitcoin is poised for a significant technical move on its 4-hour chart. The short-term 23-period moving average is steadily rising toward the longer-term 200-period moving average, signaling a rare golden cross. This convergence could occur soon as the two averages converge in the coming trading days. Market watchers are closely observing this pattern, interpreting it as a sign that buying pressure is outweighing selling pressure.