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Bitcoin price leads to Golden Cross

Bitcoin price leads to Golden Cross

Bitcoin is heading for a golden cross on the daily chart! A golden cross is when the 50-day moving average passes the 200-day moving average upward. Although the technical indicator is no more than a simple indicator of an asset’s momentum and recent price developments, it is one that is particularly followed and monitored by traders and large capital allocators in the financial system.

Below are the historical returns across different time frames for golden crosses in the entire history of bitcoin:

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