A pattern that has been seen at other times in the history of Bitcoin may be repeating itself again.
Recently, we saw the golden cross of the 50-week moving average surpass the 200-week moving average in BTC.
What does this mean?
In the short term, corrections are natural and usually occur after the crossover. Looking at the following months, a rise is generally expected.
For example, the last time this crossover occurred, we saw an increase of +60% in 2 months.
And if we look at the golden cross together with projections based on M2 (global monetary base), the expectation of a new rise seems closer.