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Bitcoin's Golden Cross is Coming and You Shouldn't Care

 2 years ago
source link: https://hackernoon.com/bitcoins-golden-cross-is-coming-and-you-shouldnt-care-3e2237aa
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Bitcoin's Golden Cross is Coming and You Shouldn't Care

A golden cross happens when bitcoin’s 50-day moving average goes above its 200-day price chart. Bitcoin has seen seven golden crosses in its history; history suggests less than 50/50 chance the price will go up in coming weeks. Golden crosses confirm the price went very fast over the short term compared to the long term. Other metrics are more important, and they show strength.

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