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<ul>
 <li>Bitcoin has formed a first ever Golden Cross involving 100 and 200.MAs.</li>
 <li>Golden crosses have historically been reliable indicators of long-term bullish trends.&nbsp;</li>
 <li>While golden crosses are positive signals, they can sometimes produce false alarms.</li>
</ul>
<p>Bitcoin enthusiasts are on high alert as the cryptocurrency approaches a first-ever <a href="https://cryptonewsland.com/altcoin-season-beckons-as-golden-cross-emerges-in-crypto-market/" target="_blank" rel="noopener noreferrer nofollow">golden</a><a href="https://cryptonewsland.com/altcoin-season-beckons-as-golden-cross-emerges-in-crypto-market/" rel="noopener noreferrer nofollow"> cross</a> involving the 100-day and 200-day moving averages (MAs). According to the post below, this highly anticipated event could trigger an unprecedented bull run.</p>
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   <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> Golden Cross Looming <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4a5.png" alt="💥" class="wp-smiley" style="height: 1em; max-height: 1em;"><br><br>We've never seen a Golden Cross involving the MA100 <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f535.png" alt="🔵" class="wp-smiley" style="height: 1em; max-height: 1em;"> &amp; MA200 <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f534.png" alt="🔴" class="wp-smiley" style="height: 1em; max-height: 1em;"> in history.<br><br>It's about to occur. <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f440.png" alt="👀" class="wp-smiley" style="height: 1em; max-height: 1em;"><br><br>This could lead to the most impulsive bull run yet. <a href="https://t.co/JyuLL6eB67" rel="noopener noreferrer nofollow">pic.twitter.com/JyuLL6eB67</a></p>— Titan of Crypto (@Washigorira) <a href="https://twitter.com/Washigorira/status/1816496812385300483?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 25, 2024</a>
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<h2 class="wp-block-heading" id="h-understanding-the-golden-cross-nbsp">Understanding the Golden Cross&nbsp;</h2>
<p>A golden cross is a bullish chart pattern where a shorter-term moving average crosses above a longer-term moving average. Traditionally, the 50-day and 200-day moving averages are used to identify this pattern.&nbsp;</p>
<p>However, the impending cross involves the 100-day and 200-day moving averages, a first in Bitcoin’s history, making this occurrence particularly noteworthy. The formation of a golden cross generally suggests a <a href="https://cryptonewsland.com/historic-golden-cross-signals-bull-run-ahead-of-bitcoin-etf-verdict/" rel="noopener noreferrer nofollow">potential </a><a href="https://cryptonewsland.com/historic-golden-cross-signals-bull-run-ahead-of-bitcoin-etf-verdict/" target="_blank" rel="noopener noreferrer nofollow">major</a><a href="https://cryptonewsland.com/historic-golden-cross-signals-bull-run-ahead-of-bitcoin-etf-verdict/" rel="noopener noreferrer nofollow"> rally</a>.&nbsp;</p>
<p>This pattern is confirmed when the shorter MA crosses above the longer MA, indicating increased buying momentum. High trading volumes typically reinforce the bullish signal of a golden cross.</p>
<p>Historically, golden crosses have been reliable indicators of long-term bullish trends in various markets. In Bitcoin’s case, past golden crosses involving the 50-day and 200-day <a href="https://www.babypips.com/learn/forex/silky-smooth-moving-averages" rel="noopener noreferrer nofollow">moving </a><a href="https://www.babypips.com/learn/forex/silky-smooth-moving-averages" target="_blank" rel="noopener noreferrer nofollow">averages</a> have preceded significant price increases.&nbsp;</p>
<h2 class="wp-block-heading" id="h-cautionary-approach-required">Cautionary Approach Required</h2>
<p>Golden crosses can sometimes produce false signals, especially in volatile markets like cryptocurrencies. To confirm a golden cross, analysts often look at additional <a href="https://www.linkedin.com/pulse/top-11-crypto-indicators-trading-stocks-leon-schmidt-xhqoe" target="_blank" rel="noopener noreferrer nofollow">technical</a><a href="https://www.linkedin.com/pulse/top-11-crypto-indicators-trading-stocks-leon-schmidt-xhqoe" rel="noopener noreferrer nofollow"> indicators</a> such as trading volume, the Moving Average Convergence Divergence (MACD), and the Relative Strength Index (RSI).&nbsp;</p>
<p>If Bitcoin’s 100-day MA crosses above its 200-day MA, it would be a landmark event, potentially setting the stage for a robust bull market. This pattern suggests a positive shift in market sentiment and could attract new investors, further driving up prices.&nbsp;</p>
<p>Bitcoin’s imminent 100-day and 200-day MA golden cross could herald a major bullish phase. While caution is warranted, the potential for substantial gains has never been more palpable.</p>
<h4 class="wp-block-heading" id="h-read-also">Read Also</h4>
<ul class="wp-block-yoast-seo-related-links yoast-seo-related-links">
 <li><a href="https://cryptonewsland.com/close-approach-to-bullish-golden-cross-signal-for-bitcoin/" rel="noopener noreferrer nofollow">Close Approach to Bullish ‘Golden Cross’ Signal for Bitcoin</a></li>
 <li><a href="https://cryptonewsland.com/shiba-inu-rockets-13-surge-and-golden-cross-signal-big-gains-ahead/" rel="noopener noreferrer nofollow">Shiba Inu Rockets: 13% Surge and Golden Cross Signal Big Gains Ahead!</a></li>
 <li><a href="https://cryptonewsland.com/a-golden-month-for-chainlink-analyzing-links-prospective-rise/" rel="noopener noreferrer nofollow">A Golden Month for Chainlink? Analyzing LINK’s Prospective Rise</a></li>
 <li><a href="https://cryptonewsland.com/xrps-rare-gold-cross-event-signals-strong-market-potential/" rel="noopener noreferrer nofollow">XRP’s Rare Gold Cross Event Signals Strong Market Potential</a></li>
 <li><a href="https://cryptonewsland.com/microstrategy-buys-242-9m-worth-of-bitcoin-golden-cross-soon/" rel="noopener noreferrer nofollow">MicroStrategy Buys $242.9M Worth of Bitcoin. Golden Cross Soon?</a></li>
</ul>
<p>The post <a href="https://cryptonewsland.com/golden-cross-could-trigger-major-btc-rally/" rel="noopener noreferrer nofollow">Bitcoin’s First-Ever MA100 &amp; MA200 Golden Cross Could Dawn the Most Explosive Bull Run Yet</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Bitcoin’s First-Ever MA100 & MA200 Golden Cross Could Dawn the Most Explosive Bull Run Yet

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Další články publikované 26. 7. 2024

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