On May 22, a new golden cross formed on the Bitcoin chart, reactivating a signal that, in the past, preceded skyrocketing increases. While BTC is trading below $120,000, analysts are closely monitoring this technical crossover between the 50-day and 200-day moving averages. Already observed before the rallies of 2017 and 2020, this signal revives speculation about a bullish extension of the cycle that began in early 2024.
The article A new golden cross detected on Bitcoin! first appeared on Cointribune.
