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 <p class="is-style-lead">Crypto influencer CryptosRUs discussed the bullish technical and fundamental outlook for Bitcoin in his Oct. 30 livestream video.</p>
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   <noscript><iframe title="Why Bitcoin's Golden Cross is so IMPORTANT" width="1020" height="574" src="https://www.youtube.com/embed/WeOcXmEE5Yo?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe>
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 <p>The YouTuber pointed to Bitcoin’s golden cross formation on the daily chart as a major technical indicator suggesting the top <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>currency is in a long-term bull market. The golden cross occurs when a short-term moving average crosses above a long-term moving average, signaling the start of an uptrend.</p>
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 <p>He believes this golden cross could last until 2025 based on historical patterns. The youtuber also discussed Bitcoin potentially breaking $35,000 soon.</p>
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  <p>If we do break above, most likely we’ll get some kind of short squeeze or something like that. And then we could definitely break above to $37,000.</p> <cite>CryptosRUs</cite>
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 <p>On the fundamental side, CryptosRUs highlighted that major asset managers BlackRock and VanEck appear close to seeding their spot Bitcoin exchange-traded funds (ETFs). He speculated that BlackRock may start buying Bitcoin for its ETF by the end of October in anticipation of a potential spot Bitcoin ETF approval in November.</p>
 <p>CryptosRUs believes an SEC approval of spot Bitcoin ETFs could trigger an influx of institutional capital into Bitcoin and <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> markets more broadly. This would serve as a key catalyst to propel Bitcoin to new highs by year’s end, with price targets of $40,000 to $50,000.</p>
 <p>Overall, the <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> analyst conveyed an overwhelmingly <a rel="noopener noreferrer nofollow" title="bullish" href="https://thebittimes.com/tag/bullish.html">bullish</a> <a rel="noopener noreferrer nofollow" title="outlook" href="https://thebittimes.com/tag/outlook.html">outlook</a> on Bitcoin in both the near-term and long-term based on positive technical indicators and fundamentals like growing institutional adoption. He advised viewers to remain <a rel="noopener noreferrer nofollow" title="greedy" href="https://thebittimes.com/tag/greedy.html">greedy</a> rather than <a rel="noopener noreferrer nofollow" title="fearful" href="https://thebittimes.com/tag/fearful.html">fearful</a> during the current market conditions.</p>
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  <p>This is definitely a time to be cheering and <a rel="noopener noreferrer nofollow" title="greedy" href="https://thebittimes.com/tag/greedy.html">greedy</a> rather than <a rel="noopener noreferrer nofollow" title="fearful" href="https://thebittimes.com/tag/fearful.html">fearful</a> and whatever else.</p> <cite>CryptosRUs</cite>
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  </svg> <span class="cn-block-related-link__prefix"> Read more: </span> Bitcoin holds above $34k, sell signal is still there
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/be-greedy-not-fearful-crypto-influencer-s-bullish-bitcoin-outlook-tbt68414.html">https://thebittimes.com/be-greedy-not-fearful-crypto-influencer-s-bullish-bitcoin-outlook-tbt68414.html</a></p>

‘Be greedy, not fearful:’ crypto influencer’s bullish Bitcoin outlook

TheBitTimes

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