$BTC
This chart shows Bitcoin price movements, specifically what happens after a Golden Cross — when the 50-day moving average crosses above the 200-day moving average.
Each time a Golden Cross occurs:
1. There is an immediate 10% dump, often referred to as a shakeout.
2. This is followed by a bullish rally, where the price increases significantly.
This pattern has repeated twice in the chart:
First Golden Cross → 10% dump → Bullish Rally
Second Golden Cross → 10% dump → Potential Bullish Rally (still developing)
Conclusion:
A Golden Cross may trigger a short-term drop, but it typically signals a strong long-term upward trend in Bitcoin's price.
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