BTC’s MA20/200 Set To Make Never-Before-Seen Golden Cross
Crypto trader under the pseudonym Moustache recently made a bold prediction about BTC’s future price action, stating that the cryptocurrency will make the first golden cross of the Moving Average (MA) 20/200, which has never happened before.This unprecedented event has led many to speculate that a major bullish trend is on the horizon, with the potential for a big green candle shortly.
For those unfamiliar with the terminology, a golden cross occurs when the 50-day moving average (MA50) crosses above the 200-day moving average (MA200), indicating a bullish trend in the market. Conversely, a death cross occurs when the MA50 crosses below the MA200, indicating a bearish trend.
Crypto trader under the pseudonym Moustache recently made a bold prediction about BTC’s future price action, stating that the cryptocurrency will make the first golden cross of the Moving Average (MA) 20/200, which has never happened before.This unprecedented event has led many to speculate that a major bullish trend is on the horizon, with the potential for a big green candle shortly.
For those unfamiliar with the terminology, a golden cross occurs when the 50-day moving average (MA50) crosses above the 200-day moving average (MA200), indicating a bullish trend in the market. Conversely, a death cross occurs when the MA50 crosses below the MA200, indicating a bearish trend.