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The Bitcoin Chart showing a Golden Cross

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jondoe
79
last monthSteemit

BTC just confirmed a bullish medium term indicator

The 50 period moving average just crossed the 200 period moving average to the upside.

This event is known as a Golden Cross.

Historically it tends to dictate higher prices over the medium term.

Check it out:

image.png

(Source: https://twitter.com/BTC_Archive/status/1437816633540726791/photo/1)

Keep in mind that this indicator is a lagging indicator and doesn't always work out, so there are no guarantees.

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