JILANI09
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✅️A golden cross is forming on Bitcoin prices…
🔴Technical indicators are very popular tools in the trading sector, especially for the highly volatile cryptocurrency market. Even though they certainly do not guarantee the prediction of market movements, they often succeed in anticipating a market direction (bearish, neutral, bullish), or at least defining its current trend.
🔴Among the most telling indicators, the formation of a golden cross is often a herald of a new bullish phase. Indeed, as pointed out on X by Benjamin Cowen, founder of Into The Cryptoverse, on the Bitcoin price chart in dollars, the simple moving average over 50 days (in red below) is crossing above the simple moving average over 200 days (in white). This would form the infamous "golden cross".
#BTC
$BTC
🔴Technical indicators are very popular tools in the trading sector, especially for the highly volatile cryptocurrency market. Even though they certainly do not guarantee the prediction of market movements, they often succeed in anticipating a market direction (bearish, neutral, bullish), or at least defining its current trend.
🔴Among the most telling indicators, the formation of a golden cross is often a herald of a new bullish phase. Indeed, as pointed out on X by Benjamin Cowen, founder of Into The Cryptoverse, on the Bitcoin price chart in dollars, the simple moving average over 50 days (in red below) is crossing above the simple moving average over 200 days (in white). This would form the infamous "golden cross".
#BTC
$BTC
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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