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That would be the first golden crossover on the three-day chart since early February 2016. CoinDesk reported on a golden cross for bitcoinโs daily chart back in April.
Seasoned traders often refer to that long-term bull market signal as a lagging indicator.
The 50-candle moving average (MA) on bitcoinโs three-day chart is in a solid upward trajectory and looks set to cross above the 200-candle MA in the next few days.
Bitcoin's 3-Day Price Charts Point to an Impending 'Golden Cross'
Bitcoin's three-day chart suggests that a "golden cross" is set to occur for the first time since early 2016.โจ
A bitcoin price indicator is about to turn bullish for the first time since the early stages