This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
🔥 With the rise in the price of bitcoin, the technical pattern called "golden cross" was confirmed.
❎ This formation occurs when the 50-day moving average exceeds the 200-day moving average, reflecting an increase in demand.
📈 This is one of the indicators preferred by traders, as it usually precedes a strengthening of the bullish trend.