Bitcoin is heading for a golden cross on the daily chart! A golden cross is when the 50-day moving average passes the 200-day moving average to the upside. While the technical indicator is nothing more than a simple indicator of an asset’s momentum and recent price trends, it is one that is particularly followed and watched by traders and large capital allocators in the financial system.

Below are the historical returns across various timeframes for golden crosses throughout the history of bitcoin:

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