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Bitcoin’s Seventh “Golden Cross” in 10 Years Nears – What This Means for BTC Price?
In light of the recent rally that has seen it surge more than 40% since the start of the year, Bitcoin is about to experience only its seventh so-called “golden cross” in the last 10 years. A golden cross is a technical event where the 50-Day Simple Moving Average (SMA) crosses to the north of the 200-Day SMA. Some technicians and traders interpret a golden cross as either a buy signal, or at least a sign that price momentum has shifted in a bullish direction....Pānuitia atu: Bitcoin’s Seventh “Golden Cross” in 10 Years Nears – What This Means for BTC Price?
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