Crucea de Aur Bitcoin: Tot ce trebuie să știți despre semnalul optimist

Astăzi, discuția pe piața cripto este aceea Prețul biți is forming a Golden Cross – a potentially bullish signal according to conventional knowledge. But this is the cryptocurrency market, and anything is possible given the potential for sudden, sweeping regulation, hacks, or worse.

With the Golden Cross now here, we are looking back at the history of the signal, and breaking down exactly what it means and how this could impact Bitcoin price action in the days ahead.

Bitcoin Price Forms Eighth Ever Golden Cross

Uita narațiune digitală de aur. All across crypto Twitter, online forums, and anywhere else cryptocurrency community chatter exists, the discussion is centered around the Golden Cross that’s forming on the BTCUSD trading pair.

According to Investopedia, a Golden Cross “occurs when a short-term moving average crosses over a major long-term moving average to the upside.” It is “interpreted by analysts and traders as signaling a definitive upward turn in a market,” the description continues. Specifically, this Golden Cross refers to the 50-day moving average crossing above the 200-day moving average.

Citire asemănătoare Prețul Bitcoin „Pitchfork Channel” ar putea indica ultima scădere vreodată

Because this could be the definitive upswing in Bitcoin price that takes the cryptocurrency to its potential cycle peak, all eyes are on the signal. But not everyone knows what to look for, or what it means.

In the chart below, the inverse signal – the Death Cross – failed to produce the expected results, so there is no telling if the bullish version confirms either. Looking back at the history of the two signals, the situation becomes even more mixed.

The Golden Cross is here | Source: BTCUSD pe TradingView.com

Everything You Need To Know About The Bullish Signal

Cea mai mare criptomonedă după capitalizarea pieței a avut opt ​​Cruci de Aur și șapte Cruci ale morții în scurta sa istorie, conform graficului Bitstamp.

Crucea de Aur va începe piața taur din 2013 numai când Death Crossed a început în sfârșit o piață ursoasă, dar nu înainte de o falsificare rapidă a Golden Cross/Death Cross.

After the cryptocurrency bottomed in 2015, another fake out situation where the cryptocurrency Golden Crossed, then Death Crossed, then Golden Crossed again. The last signal brought Bitcoin from under $500 to $20,000. A Death Cross also started the 2018 bear market, until a Golden Cross took the cryptocurrency out from bear market lows.

Could this be the last bullish signal before the peak is in? | Source: BTCUSD pe TradingView.com

In late 2019 and into early 2020, consolidation resulted in more mixed signals. It started with a Death Cross in October 2019, then, like the 2017 bull run, a Golden Cross faked out into a Death Cross, only to then Golden Cross again and take Bitcoin from $4,000 to $65,000. After such a move, it isn’t surprising to see why investors might be skeptical of another Golden Cross yielding similar results.

After the recent local top at $65,000, Bitcoin formed another Death Cross, but it didn’t produce much downside. With a Golden Cross back, the market is now nervous of another fake out type situation, but also fearful of missing out on potential upside.

Citire asemănătoare Ești nou în Bitcoin? Învață să tranzacționezi cripto cu cursul de tranzacționare NewsBTC

In the past, Bitcoin has been the underdog, climbing its way to the top any way it could against all odds. Today, things are very different, and more sophisticated investors are now involved – including institutions, corporations, hedge funds, and more.

With smart money finally involved in the crypto space, following a traditional market all-in signal like the Golden Cross could be the more wise play.

Will the Bitcoin golden cross ultimately be…

- NEWSBTC (@newsbtc) 15 Septembrie, 2021

Urma @TonySpilotroBTC pe Twitter sau prin Telegrama TonyTradesBTC. Conținutul este educativ și nu ar trebui să fie considerat sfat de investiții.

Imagine prezentată de la iStockPhoto, Diagrame de la TradingView.com

Source: https://www.newsbtc.com/analysis/btc/bitcoin-golden-cross-everything-you-need-to-know-about-the-bullish-signal/