By Shawn Langlois, MarketWatch
If history repeats itself (spoiler: it usually doesn’t), bitcoin could see a huge run in the next two months, according to Cointelegraph analyst Keith Wareing .
Why? Look to the cross... the “golden cross.”
Yes, bitcoin’s /zigman2/quotes/31322028/realtime BTCUSD +0.74% ascending 50-day moving average recently crossed over its 200-day moving average, a rare occurrence that had other popular crypto pundits chiming in on Twitter /zigman2/quotes/203180645/composite TWTR -0.11% :
As Wareing pointed out , the last time bitcoin saw this kind of bullish action, the price shot up 170% in less than two months.
Meanwhile, optimism continues to bubble over among crypto bulls, like Max Keiser, who just raised his target from $100,000 to $400,000 .
“I first made this prediction when it was $1, I said this could go to $100,000,” he said Monday on InfoWars. “I’m raising my official target for the first time in eight years, I’m raising it to $400,000.”
At last check, bitcoin was trading at $10,143.