Bitcoin Rally Cools, But a Golden Cross Is Coming
60-second summary
Bitcoin’s rally stalls as today’s inflation‑driven sell‑off pushes the price lower, but analysts note a bullish “golden cross” is set to form, the first such signal since November, when the 50‑day moving average overtakes the 200‑day line. This technical shift could spark renewed buying pressure, potentially reversing the dip and supporting broader crypto market optimism.
Bitcoin couldn't escape today's inflation-driven selloff, but a bearish pattern on its chart is about to flip for the first time since November.