Bitcoin’s First Ever [weekly] Golden Cross Incoming?
1 min read
I was going to do a bigger writeup but Tom Crown’s video sums it up nicely (below).
If you remember the infamous “death cross” last year, usually mapped to the 50 and 200 moving averages.
This is the first time we potentially see a bullish cross, known as the “golden cross,” on the weekly chart.
Its only a singular data point, but with the Bitcoin halving next year, the US Dollar Index (DXY) flirting with historic bearish levels at 101, and key moving averages approaching a bullish pattern…
..things could get spicy into the second half of 2023 and into 2024.
Much more analysis and supporting data in the video-
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