Bitcoin Eyes New Highs as Analysts Spot Imminent Golden Cross on Lower Timeframes

Bitcoin maintained upward pressure on liquidity on May 17 as analysts noted a potential golden cross on lower timeframes. Data from Cointelegraph Markets Pro and TradingView showed BTC price action hovering near its highest levels since mid-April. Liquidity at $67,000 and above continued to act as a barrier, with around $75 million at stake at the time of writing, according to monitoring resource CoinGlass. Although still below its all-time highs of 2024 and 2021, Bitcoin sparked enthusiasm among market observers. Popular pseudonymous trader Moustache highlighted two significant trendlines. “Golden Cross (12h-Chart) of $BTC is imminent,” he informed his followers in