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Bitcoin Golden Cross Just Happened: What Does It Mean For The BTC Price? Analysis & Overview

From cryptopotato.com

Over the past days, Bitcoin had gone through sideways price action, flirting with the range between $9500 and $9900. The breakout of the $10,000 target is remarkably close. However, it also feels close as well to a massive price dump. Remember, from a technical point of view, the fact that Bitcoin so far fails to break the $10K benchmark level, along with the declining amount of volume means that every tryout becomes weaker. A Golden Cross is a long-term bullish signal, which occurs basically when the 50-days moving average line (marked pink on the following daily chart), is crossing above the 200-days moving average ... (full story)

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  • Category: Technical Analysis