Golden Cross Skyrockets Bitcoin Predictions To Nearly $30,000 By May 2020

It’s crazy to think that not that long ago that would be Bitcoin traders had the chance to buy the virtual coin for only $2500. Given the recent Golden Cross event, however, the already bullish outlook on the coin has given rise to speculation that it could spike within reaching distance of $30,000 per coin within a few months.

 What Is The Golden Cross?

Much of the value of cryptocurrencies comes from user-trust, this trust is demonstrated by what is known in trading circles as Moving Averages (MA). In short Moving Averages are calculated by looking at the traded values of a cryptocurrency over a period time and checking if it is showing a general increase or decrease in value.

The Golden Cross is the point where a long term traded value increase is surpassed by a short-term traded value. And is seen as the beginning of a strong short-term growth curve.

For example if over 90-days a coin traded at a theoretical $1000 (its long term MA) but in the last 15 days it spiked to $1500 (it’s short term MA) the point where the short term MA met and then began to exceed the long term MA is called the Golden Cross.

  $26,000 Projected By Halving

One of the reasons given for this bullish run on Bitcoin is how close we are to the event known as the Halving. This is where the reward for mining new Bitcoins is halved when this occurs, and demand remains constant, the net effect is the increased value of Bitcoin on the open market.

With the overwhelming interest in Bitcoin and the next Halving, which is expected in May 2020, Cointelegraph Markets analyst, Keith Wareing, has predicted prices as strong as $26,000 per coin.

While still bullish about Bitcoin, serial venture capitalist Mike Novogratz has tempered his predictions claiming prices upwards of $20,000 by the Halving.

Either way with the current Bitcoin market price sitting just north of $10,000 per coin even Novgratz’s more restrained growth projection aims to double the virtual coins current value!

With such strong projections for growth over the next 60 days if one were interested in getting into the crypto-market now could be considered a good time to do so. But as with everything only risk money on Bitcoin you can afford to lose.

 Ready To Double Down On Crypto?

If you are a cryptocurrency pro, or someone looking to get into the market for the first time, here are three cryptocurrency-based online casinos for you to consider playing with:

✓7Bit Casino 

7Bit Casino has been offering cryptocurrency-based online casino entertainment since 2014. The casino is available in regular currencies as well as 5 virtual currencies including Bitcoin, Ethereum and Litecoin.

The casino offers its games and support in several localised languages which include English, French, German and Russian to ensure they can assist you with any gambling and crypto questions you might have.

Join today to claim their fantastic 4 tier Welcome Bonus package which will reward you with up to 5 BTC across your first four deposits.

✓Bitcasino 

  Enjoy more than 2000 casino games on your mobile device or desktop computer when playing with Bitcasino. Online since 2014 Bitcasino serves their player base in 11 languages which in addition to English, French and German includes Chinese, Japanese, Korean, Thai and Turkish.

Their platform offers deposits and withdrawal in Bitcoin, Ethereum, Litecoin and Tron virtual currencies. They also offer fiat currency deposits in Indian Rupees and Japanese Yen for players in Asia.

Sign up at Bitcasino today to claim hundreds of free spins and an ongoing 10% cryptocurrency rebates with zero wagering requirements.

✓BitStarz Casino

 BitStarz Casino offers players access to the best casino games by providers such as Microgaming, Netent and Evolution Gaming while wagering in your preferred cryptocurrency.

Since 2014 Bitstarz Casino has offers casino entertainment in Bitcoin, Ethereum, Litecoin and Dogecoin, plus several fiat currencies including Euros, Pound Sterling, Swedish Krona, Polish Zloty and Japanese Yen.

Play with Bitstarz today and enjoy up to 5 Bitcoin in bonuses across our first four deposits and up to 180 Free Spins