Bitcoin's chart generated a golden cross today.
During the period between April 2019 – April 2020 golden cross happened 3 times. Measured from the BTC price to the extremes:
— April 23, 2019, BTC increased by 155%,
— February 18, 2020, it dropped by 61%,
— May 20, 2020, it increased by 576%.
The golden cross is one of the most popular traditional technical indicators that signals the continuation of a long-term bull market. However, historical analysis shows that sometimes the golden cross in the cryptocurrency market has been a false signal.
