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Bitcoin's Golden Cross Signals Bull Market as Price Nears 20-Month Highs

1 min read
Source: Cointelegraph
Bitcoin's Golden Cross Signals Bull Market as Price Nears 20-Month Highs
Photo: Cointelegraph
TL;DR

Bitcoin is experiencing a significant chart feature as it prepares for its first-ever weekly golden cross, signaling the start of an early bull market. The crossover of the 50-week and 200-week moving averages (MAs) is considered a classic bullish signal and has never occurred before in Bitcoin's history. This comes after Bitcoin fell below the 200-week MA earlier this year. While some market commentators remain bearish on Bitcoin's price, others believe that considerable upside could be in store if the golden cross phenomenon plays out.

Topics:businesscryptocurrency#bitcoin#bull-market#cryptocurrency#golden-cross#moving-averages#price-predictions
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  1. 'Early bull market' — Bitcoin price preps 1st ever weekly golden cross  Cointelegraph
  2. Bitcoin Steadies Near 20-Month Highs. What Could Halt the Crypto Rally.  Barron's
  3. Here's how much Bitcoin is up since Jim Cramer said sell 9 months ago  Finbold - Finance in Bold
  4. Bitcoin hype will clash with the Rolex recession  Moneycontrol
  5. Bitcoin rally stokes $50k speculation over spot ETF anticipation  Yahoo Finance UK

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