Bitcoin Sees First Ever Weekly 'Golden Cross,' a Bullish ... - CoinDesk

Jan 17, 2024 · Bitcoin Sees First Ever Weekly 'Golden Cross,' a Bullish Signal to Some The 50-week simple moving average (SMA) of bitcoin's price has crossed above the 200-week SMA for the first time on record.

FAQs about Bitcoin Sees First Ever Weekly 'Golden Cross,' a Bullish ... - CoinDesk Coupon?

Is bitcoin lining up an 'early bull market'?

Bitcoin (BTC) is lining up an “early bull market” as a unique chart feature plays out for the first time in history. In a post on X (formerly Twitter) on Dec. 7, entrepreneur Alistair Milne drew attention to Bitcoin’s first ever weekly golden cross. ...

Is bitcoin lining up a bull market in 2024?

Bitcoin is lining up a never-before-seen bull signal that could print on the Bitcoin chart by the start of 2024. Bitcoin (BTC) is lining up an “early bull market” as a unique chart feature plays out for the first time in history. ...

Will BTC/USD reach a Golden Cross in 2023?

QED: Early bull market.” BTC/USD 1-week chart with 50, 200MA. Source: TradingView Data from Cointelegraph Markets Pro and TradingView suggests that BTC/USD could even achieve the weekly golden cross before the end of 2023. ...

Will bitcoin see a crossover of two weekly moving averages (Mas)?

Should current performance continue, Bitcoin will witness a crossover of two weekly moving averages (MAs), which have never delivered such a bull signal before. The 50-week and 200-week MAs are key trendlines for Bitcoin traders and analysts alike. The latter is the ultimate bear market support level, and it has so far never decreased in value. ...

Will bitcoin Maxis fight Wall Street?

The approval of Bitcoin ETFs last week sets up a potential fight between Bitcoin Maxis and giant Wall Street institutions, says Michael Casey. The crypto market's de-dollarization expectations look premature as the greenback remained the preferred currency in international transactions in 2023. ...

Why did bitcoin's price drop after ETF approval?

The dollar was expected to break higher against the euro as investors scale back excessive U.S. rate-cut expectations while a fragile eurozone economy weighs on the single currency. Some have forecasted sharp declines in bitcoin's price as traders 'sell the news' post-ETF approval, but Fidelity's Director of Global Macro disagrees. ...