Many traders and technicians closely follow the well-known “Golden Cross” moving average crossover in key liquid markets such as Bitcoin, Gold, and the Nasdaq 100 Index among others. Today, however, we’ll examine an under-the-radar Bitcoin moving average crossover which looks imminent. Using Bitcoin’s reliable data from 2011 through today, let’s find out if this lesser known moving average crossover looks bullish or bearish going forward. This Lesser Known Moving Average Crossover May Soon Hit While the Golden Cross occurs when the 50-day simple moving average crosses above the 200-day simple moving average, Bitcoin’s 50-day simple moving average (50MA) currently looks poised to cross above its 100-day simple moving average (100MA) within days. Earlier this year, Bitcoin’s 50MA crossed above its 100MA as the number one crypto by market cap surged in January off of its post-FTX collapse low. Further Bitcoin gains followed from this most recent crossover. Bitcoin Daily Chart | BTCUSD on TradingView.com Related Reading: Bitcoin Humpback Wallets Reach ATH, Is BlackRock Behind The Surge? Now that Bitcoin has extended its year-to-date ga ..
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