Bitcoin set for this record target as BTC flashes major bullish signal

Technical indicators suggest that Bitcoin’s ( BTC ) short-term momentum may be sustaining, with the potential to target a new record high in the coming weeks. Specifically, Bitcoin has formed a Moving Average Convergence Divergence ( MACD ) golden cross below the zero line, a setup that has historically preceded strong upside moves, according to pseudonymous cryptocurrency analyst BitBull in a September 10 X ￰0￱ price analysis chart.) slipping 0.1%, its first drop in four months, following a revised 0.7% gain in ￰1￱ weaker print boosted expectations that the Federal Reserve will cut rates at its meeting next ￰2￱ price analysis In this context, Bitcoin is pushing toward reclaiming the $115,000 ￰3￱ press time, BTC was trading at $113,332, up almost 2% in the past 24 hours and about 1% on the ￰4￱ seven-day price chart.