Golden Cross
16 Sep, 2021 10:21 am
Everyone in the crypto market is speaking about the Bitcoin price making a Golden cross which initiate Bull market according to the conventional knowledge.
Golden cross always occurs when a short term Moving average which is called as 50 days moving average crosses over the major long term Moving average known as 200 days Moving average.
Let us describe the death cross here as well which occurs when 200 days moving average crosses down the 50 days moving average on Bitcoin price which initiate bearish market.
The cryptocurrency market cap has had eight Golden cross and seven Death cross in the history of crypto market.
