đ Super Rare Bullish Golden Cross Appeared on Bitcoin Chart đ
Bitcoin, trading in the $29K - $29.1K range, dropped 4.26%, signaling a rare golden crossover. This bullish pattern occurs when the 50-day moving average crosses the 200-day moving average.
According to old examples, this is a serious upward sign.
When this intersection occurred for the third time in Bitcoin history, one of the major rallies came: the 2016 bull run and the 2020 surge. This points to a potential rally that will continue for months to come. It's time to plan your strategies! đđ
Golden Crosses generally coincide with price bottoms. Despite the recovery in 2023, Bitcoin's price is less than 50% of its ATH. #Bitcoin #GoldenCross #BullishTrend $BTC đđ„