Bitcoin Golden Cross Now “Official”….
Although price has dipped a little below $48,000, things should be looking very nice here going into Friday and the weekend…
Bitcoin Golden Cross “Is Official” According To Capital Manager
“Conventionally, the golden cross has been considered a bullish signal for Bitcoin. However, there have certain exceptions throughout its history.
While golden crosses have indeed been there before the start of previous bull runs, there have also been many cases where the crossover was just a fake out event.
Opposite to the golden cross is the “death cross,” which occurs after every bull market and marks a bearish turn for Bitcoin. During fake out events, alternative false golden and death crosses usually form.”