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BTC – “Golden Cross” approached this week


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Yesterday, February 9, 2018, Bitcoin saw a sharp decline-4.98%The crypto market recently registered a low at the $21.600 level. However, a major technical signal at the beginning the week on different exchanges could cause a drastic reversal in BTC price trend in the coming days or weeks. Indeed, “Golden Cross” It has been confirmed by several exchanges (Binance Kraken Kucoin) and may also appear in the CFD market. This is one of the most popular bullish technical signals that market players can recognize. It involves a crossing of two simple moving averages. The 50-SMA crosses above the 200 SMA from below.

BTC has risen an average of 5% in the last five Golden Cross occurrences. +1400%. It is worth noting that the signal first appeared on Bitcoin in mid-September 2021. The cryptocurrency fell briefly for a few days before initiating a bullish move that took it to its highest point on November 10, 2021. $68,925. Previously, on or about May 21, 2020, BTCUSD The company had seen a nearly doubling of its sales since then. 600% Before reaching its previous peak at $63,518 On April 13, 2020

The “Golden Cross” signal on BTC also…

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