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Today Bitcoin had a golden cross on the daily/USD chart. A golden cross is typically when to 50MA (moving average) crosses up through the 200MA. This is a signal watched closely by many traders and usually indicates longer term changes in direction.
However, sometimes the golden cross can be a “fake” signal and reverse in a matter of a few months.
Watch the video to learn how golden crosses work and what this specific golden cross means on BTC.