Bitcoin About to Print a Golden Cross: What Does it Mean for BTC’s Price?

Higher-than-expected inflation in the United States, a political shift in America, waning interest in risk assets, and other factors have weighed heavily on the number one cryptocurrency, which has tumbled 12% over the past month and now trades near $73,400 (per CoinGecko). And while some market observers anticipate a further plunge in the short term, others expect BTC to stage an impressive comeback. Golden Cross Incoming? Among the optimists is X user Merlijn The Trader, who recently noted that the cryptocurrency is about to print a so-called golden cross on the three-day chart. This development occurs when BTC’s shorter-term trend overtakes its longer-term trend, signaling that momentum is shifting back toward the bulls. Historically, the formation has preceded strong rallies for the asset.

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