The Golden Cross Is Here

A rare bullish signal took place this week. The Golden Cross, as it’s commonly referred to, is a phenomenon that happened despite the price of Bitcoin dropping from $10,500 down to its current level at around $9,800. Historically, this has caused BTC to surge in value in the mid-term.

bitcoin_golden_cross_20192020-min — Bitcoin Charting Golden Crosses in 2019 and 2020. Source: TradingView

The last time this happened Bitcoin price surged 165% in 2 months.

Source: CryptoPotato:
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