Bitcoin Falls 9% Right After Forming Golden Cross; Fractal Similar to Pre-March Crash

Bitcoin formed a super bullish Golden Cross on May 20, 2020. Nevertheless, the cryptocurrency plunged by up to 9 percent in a contrary move. Earlier in February 2020, Bitcoin’s Golden Cross formation had followed a 61 percent price crash. On May 20, 2020, Bitcoin formed a Golden Cross, a widely-tracked, long-term bullish indicator for classic…

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Author: toutiao