Bitcoin Prints Critical Golden Cross as Futures Open Interest Hits Record High

Bitcoin experiences a Golden Cross for the first time since February 2020. The bullish indicator surfaced as open interest for CME Bitcoin Futures hit a record high. Nevertheless, the cryptocurrency continues to hover below $10,000, while eyeing a price breakout. On Wednesday, Bitcoin printed what is known in technical analysis as a “Golden Cross.” The technical indicator occurs when an asset’s 50-day moving average crosses over its 200-day moving average. Its occurrence on the Bitcoin […]
Bitcoinist.com

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Author: toutiao