Bitcoin nears golden cross, 34% average gains seen in prior signals

Bitcoin is advancing toward a major technical milestone on its three-day chart, with the 20-period exponential moving average (EMA) approaching a crossover above the 200-period EMA. Technical analysts closely monitor this development, often termed a “golden cross,” as it has historically coincided with strong upward momentum in Bitcoin’s price. The latest rally comes as markets observe encouraging signs that macroeconomic headwinds may be easing. October’s correction in Bitcoin followed considerable pressure from several sources, including rising US Treasury yields, high oil prices, muted demand for US-listed spot Bitcoin ETFs, and increased profit-taking among investors.

Source: CoinTurk News