#BtcNewHolder By Bullish Golden Cross or not?

A “Bullish Golden Cross” is a technical chart pattern signaling a potential long-term uptrend in the market. It occurs when a short-term moving average (e.g. 50 days) crosses above long-term moving average (e.g. 200 days) indicating a shift from bearish to bullish momentum.

This pattern typically unfolds in three phases:

1. A downtrend weakens as buying interest grows.

2. The short-term average crosses above the long-term average confirming the reversal.

3. The uptrend strengthens with both averages acting as support during pullbacks.

While historically reliable, it should be used alongside other indicators for confirmation.

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