What Is Bitcoin "Golden Cross"

in #steempress • 4 years ago (edited)

Bitcoingoldencross.png




Twitter and YouTube are suddenly full of Bitcoin investors excitedly talking about "The Golden Cross". If you are wondering what all of the excitement is about, we will try to explain. In simple terms, the term "Golden Cross" when describing Bitcoin is when the Bitcoin/ US dollar 50 day moving average rises and crosses over the 200 day moving average of Bitcoin.


Investors are watching this closely because the last "Golden Cross" saw a jump of almost 200% in Bitcoin price over a period of just 2 months. The "Golden Cross", however does not always result in price gains. You will also see reference to the "Death Cross" which is the opposite of the "Golden Cross".


Posted from my blog with SteemPress : http://cryptohodl.group/what-is-bitcoin-golden-cross/

#steem #bitcoin
4 years ago in #steempress by
$1.35
  • Past Payouts $1.35, 0.00 TRX
  • - Author $0.65, 0.00 TRX
  • - Curators $0.71, 0.00 TRX
199 votes
Reply 1
Sort:  
  • Trending
    • [-]
     4 years ago 

    Congratulations @cryptohodlgroup! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :

    You distributed more than 11000 upvotes. Your next target is to reach 12000 upvotes.

    You can view your badges on your Steem Board and compare to others on the Steem Ranking
    If you no longer want to receive notifications, reply to this comment with the word STOP

    To support your work, I also upvoted your post!

    Vote for @Steemitboard as a witness to get one more award and increased upvotes!
    $0.00
      Reply

      Coin Marketplace

      STEEM 0.20
      TRX 0.12
      JST 0.029
      BTC 61760.04
      ETH 3379.87
      USDT 1.00
      SBD 2.52