Bitcoin (BTC) weekly price averages confirm first ever golden cross


Bitcoin’s 50-week simple moving average (SMA) has crossed the 200-week SMA for the first time ever, confirming a golden crossover. The phrase and its counterpart the “death cross,” in which the short-term simple moving average (SMA) drops below the long-term simple moving average (SMA), originated in Japan, according to some technical analysis books.

Leave a Reply

Your email address will not be published. Required fields are marked *