Bitcoin to Form Golden Cross but It Cannot Guarantee a Bull Run

News BTC | Feb 14, 2020 at 3:00 PM
  • Bitcoin traders are enthusiastic about a textbook technical indicator whose formation could send the asset’s prices higher.
  • Dubbed as Golden Cross, the candlestick pattern will occur when bitcoin’s short-term moving average closes above its long-term moving average.
  • In bitcoin’s case, the formation of a Golden Cross has yielded wild price rallies so far.