A golden cross appeared on the weekly Bitcoin price chart, with the 50-week moving average (SMA) crossing the 200-week SMA for the first time. Traders view this as an indicator of a long-term bull market. However, experienced traders consider SMA crosses to be lagging indicators that often coincide with trend exhaustion. Bitcoin has already lost 10% of its value following a rally to $49,000 driven by the launch of 11 ETFs on US exchanges.