Will Bitcoin bulls or bears come out on top after a golden cross meets a death cross on BTC?
showed BTC/USD tracking sideways overnight, having shunned volatility at the week’s first Wall Street open.
This refers to the rising 50-period moving average crossing over the 200-period moving average. The last time that this occurred on daily timeframes was in September 2021 — two months before Bitcoin’s latest all-time high.The cross has been keenly watched by some crypto analysts, with Venturefounder, a contributor to on-chain data platform CryptoQuant, arguing that $25,000 could reappear as a result.“This potential correction could see BTC retest $20k , then in the bullish case, test $25k next.
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