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cryptonews

2023-02-07 20:35:00

Bitcoin “Golden Cross” Confirmed – What Next for BTC Price?

Bitcoin “Golden Cross” Confirmed – What Next for BTC Price?

An important technical event just occurred in the Bitcoin market. For the first time in more than a year, Bitcoin’s 50-Day Simple Moving Average (SMA), now at $19,825 just moved to the north of its 200-Day SMA, now at $19,723. When the 50-Day SMA moves above the 200-Day SMA, technicians refer to this as a “golden cross” – a sign that there has been a meaningful positive shift in the market’s momentum. Tuesday’s golden cross is only Bitcoin’s seventh in the last 10 years.... Read More: Bitcoin “Golden Cross” Confirmed – What Next for BTC Price?

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