Sure! Here’s a creatively rewritten version of the article while maintaining the essential details and accuracy:
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**Major “Golden Cross” Alert for Bitcoin: Analysis Firm Signals Event**
According to insights from the cryptocurrency analytics firm CryptoQuant, Bitcoin is on the cusp of a significant “golden cross” in a critical on-chain metric.
The firm’s latest report emphasizes an imminent crossover in the Active Addresses Momentum indicator, which serves as a vital gauge of network engagement and market dynamics. This metric tracks the number of unique Bitcoin addresses that are actively involved in transactions, offering a window into investor engagement and overall market sentiment.
In their analysis, CryptoQuant utilizes both a 30-day moving average (30DMA) and a 365-day moving average (365DMA) to observe variations in network activity across different time periods. A golden cross occurs when the shorter 30DMA rises above the longer 365DMA, a scenario typically interpreted as a bullish signal indicating potential price increases. Such a crossover is often regarded as an indicator of heightened market activity and investor confidence.
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Following a previous “dead cross” where the 30DMA dipped below the 365DMA after reaching a new all-time high (ATH), the current trend reversal is particularly noteworthy. CryptoQuant indicates that this golden cross is taking shape and may herald a bullish phase for Bitcoin. Furthermore, the analysis reveals that transaction volumes have nearly doubled compared to the 2021 cycle, which is an encouraging sign for on-chain engagement.
However, the firm cautions that the longevity of this trend will hinge on the strength of the crossover. Should the 30DMA not rise significantly above the 365DMA, the market might experience a scenario similar to mid-2021, where mixed price movements were observed despite the initial golden cross.
*This content is not investment advice.*
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