#BTC
The Golden Cross means:
๐ธ A bullish crossover between the moving averages:
โข 50-day moving average (short-term)
โข 200-day moving average (long-term)
๐ก When the MA 50 crosses above the MA 200, it is considered a strong signal that the general market trend is shifting from bearish to bullish.
๐ In the case of crypto, since the crossover occurred on the total market capitalization of all cryptocurrencies, this means that:
โข Liquidity is entering the market
โข The general trend is turning bullish
โข We might see price explosions in the upcoming period.