Bitcoin's Golden Cross is Coming and You Shouldn't Care

Written by MarkHelfman | Published 2021/09/12
Tech Story Tags: bitcoin-price | crypto-trading | btc-price | cryptocurrency-investment | bitcoin-bull-market | blockchain | bitcoin-spotlight | hackernoon-top-story | web-monetization

TLDR A golden cross happens when bitcoin’s 50-day moving average goes above its 200-day price chart. Bitcoin has seen seven golden crosses in its history; history suggests less than 50/50 chance the price will go up in coming weeks. Golden crosses confirm the price went very fast over the short term compared to the long term. Other metrics are more important, and they show strength.via the TL;DR App
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Written by MarkHelfman | Editor, Crypto is Easy newsletter. #1 writer, Medium. Bitcoin author, analyst, commentator.
Published by HackerNoon on 2021/09/12
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