Bitcoin just had its 10 to 50-day moving average crossing less than a week back. After the recent pullback and profit-taking, the stage is set for upside momentum to kick in. Here's the thing—once we see the 50 to 200-day moving average converge (that golden cross setup), things could get interesting fast.
When these longer-term MAs align like that, it typically signals a shift in momentum. The chart pattern is forming nicely, and historically this is when volatility can work in your favor. Of course, nothing's guaranteed in crypto markets, but the technical setup looks promising.
Meanwhile, if you've been on the sidelines, this consolidation phase might be your window. Keep stacking positions where you can. Time in the market often beats timing the market, especially when the fundamentals are lining up with technicals.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
11 Likes
Reward
11
5
Repost
Share
Comment
0/400
BearEatsAll
· 22h ago
The golden cross explanation is back again. How does it turn out each time you say it?
View OriginalReply0
gm_or_ngmi
· 01-12 05:52
Golden cross and golden cross again, will this time really be different?
View OriginalReply0
UnluckyValidator
· 01-12 05:47
Another golden cross appears. Will it go up this time?
View OriginalReply0
GateUser-3824aa38
· 01-12 05:47
It's the same MA crossing story again, always saying there's hope, but what’s the result?
View OriginalReply0
WagmiWarrior
· 01-12 05:40
Here comes the golden cross thesis again, wake up everyone.
Bitcoin just had its 10 to 50-day moving average crossing less than a week back. After the recent pullback and profit-taking, the stage is set for upside momentum to kick in. Here's the thing—once we see the 50 to 200-day moving average converge (that golden cross setup), things could get interesting fast.
When these longer-term MAs align like that, it typically signals a shift in momentum. The chart pattern is forming nicely, and historically this is when volatility can work in your favor. Of course, nothing's guaranteed in crypto markets, but the technical setup looks promising.
Meanwhile, if you've been on the sidelines, this consolidation phase might be your window. Keep stacking positions where you can. Time in the market often beats timing the market, especially when the fundamentals are lining up with technicals.