Current Setup

The BTC/Gold 1W 9/21 EMA chart is lining up for a potential downside cross. Structurally, this looks almost identical to what played out in 2023. Back then, BTC saw a brief grind higher after the initial cross up, only to slip into a cross down that was quickly reversed. That reversal marked the start of the real rally. Importantly, both the cross down and cross up occurred around mid-September 2023.

Historical Comparison

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