RE: Bitcoin Charts First Weekly Golden Cross in 3.5 Years

Bring on the bull run!

Bitcoin Charts First Weekly Golden Cross in 3.5 Years

  • Bitcoin’s weekly chart is reporting a bullish golden cross of the 50- and 100-period moving averages. The widely followed, but lagging, indicator may fail to attract buyers as broader market conditions are currently bearish.
  • A UTC close above $7,870 is needed to confirm a short-term bullish reversal, according to the daily chart.
  • The cryptocurrency risks falling to key support at $7,087, having faced rejection at bearish weekly average resistance during the Asian trading hours.

https://www.coindesk.com/bitcoin-charts-first-weekly-golden-cross-in-3-5-years

SavannahBTC Master Asked on December 9, 2019 in Bitcoin.
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1 Answers

Looking good. Primed and ready for take-off!

Master Answered on December 9, 2019.
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