The Golden Cross | Bullish Indicator for BTC 24th April 2019

in #bitcoin • 6 years ago

If Bitcoins direction stays relatively consistent,
we will see "#The #Golden #Cross" occur on April 24th 2019.

The Golden Cross occurs when the 50-day moving average surpasses the 200-day moving average. This is historically a very #bullish indicator.
The last time #Bitcoin had a #Golden #Cross was back in 2015, a catalyst that kicked off the 2016-2017 bull run.

However, it is notable, that fakeouts do also occur, as seen below.

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#goldencross #bullish #btc #crypto #partiko
6 years ago in #bitcoin by
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     6 years ago 

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