BTC Analyst Proclaims ‘Golden 7’ Arrival, Will It Reach $35K Level

Published 18/07/2023, 11:25
BTC Analyst Proclaims ‘Golden 7’ Arrival, Will It Reach $35K Level

  • CryptoCon claimed that the “golden 7” has arrived, which could trigger BTC’s bull run.
  • Currently, BTC is trading beyond the $30,000 level after facing a fall of 1.98% in seven days.
  • Similar price movement behaviors show that BTC could experience a spike soon.

A Bitcoin analyst under the pseudonym CryptoCon claimed that the “golden 7” has arrived. During the analysis, CryptoCon used the TD Sequential technical analysis indicator on BTC’s monthly chart and noticed that the seventh setup phase (Golden 7) has been completed in 2023. The crypto analyst pointed out that whenever the seventh setup phase was formed, the eighth and ninth setup phases formed resulting in BTC’s bull run.

Moreover, CryptoCon mentioned that one of the reasons why BTC failed to have a bull run in 2019 is due to the lack of “Golden 7” completion. Sin…

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