Bitcoin Hits $5,600 in a Monumental Rally From Technical Perspective, What’s Ahead?9.8

Bulls, it’s been a minute. Over the past few hours, Bitcoin (BTC) has begun to rally again, pushing past $5,400, $5,500, and even $5,600 (albeit briefly) after nearly a week of mundane stagnation. While this move seems to be just another Monday pump, which could be deemed not significant by some, this unexpected bump is monumental from a technical analysis perspective.

If you haven’t checked Crypto Twitter for the past week, BTC just printed a golden cross, whereas its 50-day moving average has crossed over its 200-day, signifying that bears might be finally be biting the dust. But funnily enough, some have claimed that this cross isn’t anything to really write home about.

Original source
https://www.newsbtc.com/2019/04/23/bitcoin-prints-golden-cross-analysts-bearish/

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