• Advertise
  • Submit a Press Release
NewsBTC
Bitcoin & cryptocurrency news
Crypto.com Logo
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Play GamesTry
  • Bet & WinTry
  • Bitcoin Casino ReviewsTry
No Result
View All Result
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Play GamesTry
  • Bet & WinTry
  • Bitcoin Casino ReviewsTry
No Result
View All Result
NewsBTC
No Result
View All Result
Bitcoin Golden Cross
Nexo Logo

Bitcoin Golden Cross “Is Official” According To Capital Manager

Hououin Kyouma by Hououin Kyouma
11 months ago
in Bitcoin
Reading Time: 3 mins read
Advertisement

The Bitcoin golden cross, a signal that has traditionally been a bullish indicator, is now official, according to a capital manager.

The Famous Bitcoin Golden Cross Now “Official”

According to a capital manager on Twitter, the Bitcoin golden cross is now official. This is only the eighth time in the history of the coin that such a cross has occurred.

The “golden cross” has been the topic of discussion all over the online crypto communities today, but what is it that makes it so special? Well basically, a golden cross is marked by a short-term moving average (MA) taking over a long-term one. Usually, analysts consider such an event to be a bullish turn for the market.

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

The bullish crossover that Bitcoin is witnessing right now is one where the 50-day MA is moving over the 200-day MA.

Here is a chart posted by the capital manager that highlights this golden cross for the BTCUSD trading pair:

Bitcoin Golden Crossover

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
Get 110 USDT Futures Bonus for FREE!
The 50-day MA seems to have crossed over the 200-day MA | Source: Tweet by Dr. Jeff Ross

As the above chart shows, the golden crossover looks to be complete as the 50-day MA makes a move above the 200-day MA. The capital manager believes we will see “Strong short-term price action. Recent bearish patterns breaking down.”

Related Reading | New To Bitcoin? Learn To Trade Crypto With The NewsBTC Trading Course

What Does The Crossover Mean For BTC’s Price?

Conventionally, the golden cross has been considered a bullish signal for Bitcoin. However, there have certain exceptions throughout its history.

Read our comparison of 50 different crypto casinos. Find out who has most generous bonuses, best UX, knowledgeable customer support and best provably fair games.

While golden crosses have indeed been there before the start of previous bull runs, there have also been many cases where the crossover was just a fake out event.

Opposite to the golden cross is the “death cross,”  which occurs after every bull market and marks a bearish turn for Bitcoin. During fake out events, alternative false golden and death crosses usually form.

Related Reading | One Way To Protect Your Profit No Matter Bitcoin Pumps or Dumps

After BTC hit the latest ATH of $65k, a death cross formed, but the crypto didn’t see any significant downtrend following it.

Bitcoin Price Chart

Bitcoin has formed its eighth golden cross ever | Source: BTCUSD on TradingView

Based on the death cross being a false signal, it’s possible this golden cross will just turn out to be another one of those fake out occurrences where a false cross leads into another. However, it could also very well shoot the coin up instead, helping the coin reach the last peak that some indicators have been hinting at.

Where do you think this golden cross will lead Bitcoin to? Let us know in the below poll!

Will the Bitcoin golden cross ultimately be…

— NEWSBTC (@newsbtc) September 15, 2021

Featured image from Unsplash.com, charts from TradingView.com
Tags: bitcoinBitcoin golden crossbtcbtcusd
Tweet123Share196ShareSend
Win up to $1,000,000 in One Spin at CryptoSlots
Hououin Kyouma

Hououin Kyouma

Loves to write, enthusiastic about cryptocurrency. Currently studying Physics at university.

Related Posts

Lightning in the sky

Lightning Speed: How To Take BTC From Reserve Asset To World Reserve Currency

46 mins ago
Bitcoin price

Why Bitcoin At $100K Is Just A “Matter Of Time”, Says Bloomberg Intelligence

10 hours ago
Glassnode: Bitcoin Long-Term Holders Have Shifted To Distribution Recently

Glassnode: Bitcoin Long-Term Holders Have Shifted To Distribution Recently

13 hours ago
bitcoin

Market Sentiment Holds Steady As Bitcoin Aims For $24,000

15 hours ago
Analysts Predicts Bitcoin Will Plunge Shortly But Suggest Buy Bitcoin

Analysts Predicts Bitcoin Will Plunge Shortly But Suggest Buy Bitcoin

2 days ago
Bitcoin Bull

Bitcoin Bullish Signal: Whale Exchange Inflows Remain Down

3 days ago

Premium Partners

Top Brokers

PrimeXBT

PrimeXBT

Review · Visit

Top Casinos

BitStarz

BitStarz

Review · Visit
7BitCasino

7BitCasino

Review · Visit
Punt Casino

Punt Casino

Review · Visit
mBit

mBit

Review · Visit
CryptoGames

CryptoGames

Review · Visit
Bspin

Bspin

Review · Visit

Sportsbooks

1xBit

1xBit

Review · Visit

LBank Weekly Listing Report, 8th August 2022

August 9, 2022

LBank Exchange Will List cheqd (CHEQ) on August 10, 2022

August 9, 2022

LBank Exchange Will List Voice Street Token (VST) on August 15, 2022

August 9, 2022

LBank Exchange Will List Rare Fnd (FND) on August 9, 2022

August 9, 2022

The Main Reason Why GNOX (GNOX) Could Flip Dogecoin (DOGE) And Shiba Inu (SHIB) In 2023

August 8, 2022

ABOUT US

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

COMPANY

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

LINKS

Crypto Prices from Nomics

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

© 2021 NewsBTC. All Rights Reserved.

  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Play Games
  • Bet & Win
  • Bitcoin Casino Reviews

© 2021 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.