Something rather uncommon is about to happen on Bitcoin’s price chart, something that does not fit into the usual textbook technical patterns traders rely on. It is not just a golden cross, and it is not just a death cross — it is both, forming at the same time on the daily time frame.
A golden cross is what traders tend to consider a positive sign: it appears when a short-term moving average crosses above a long-term moving average, often suggesting an uptrend is gaining momentum.
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A death cross is the opposite and is widely seen as a bearish signal: it happens when a short-term moving average moves below a long-term one, hinting at possible downside pressure. Normally, traders see one or the other, but this time, the market is setting up for both.
Source: TradingView
The 23-day moving average is going up and will soon cross the 200-day moving average. When that happens, it will be a golden cross. The 50-day moving average is on the verge of crossing below the 200-day moving average, creating the conditions for a death cross.
Meanwhile, Bitcoin's currently sitting below the 200-day moving average at $85,200, showing a 3.36% gain since the start of the week.
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So, what's next? There is no clear answer as this combo does not happen often, so it is open to different interpretations.
Some are pointing to the golden cross as a sign that the trend is likely to continue, while others are watching for the death cross, which is often seen as a sign of weakness.
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