Bitcoin Shows Second Golden Cross, Decrypt Reports
Decrypt.co reported that Bitcoin has flashed a second, stronger golden cross as the rally continues to meet resistance. The signal is a technical chart pattern often watched by market participants.
This report is based on information published by Decrypt.co. The outlet said Bitcoin has flashed a second, stronger golden cross as the rally continues to run into the same resistance.
Decrypt.co described the move as a classic bullish signal and said it suggests the trend may be built to last.
Key Takeaways
- Decrypt.co reported that Bitcoin flashed a second golden cross.
- The outlet said the signal was stronger than the first one.
- Decrypt.co said Bitcoin's rally has kept bumping into the same resistance.
Context
A golden cross is a technical chart pattern that occurs when a shorter-term moving average rises above a longer-term moving average. Market participants often watch the signal as one measure of trend strength.
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