Bitcoin's "golden cross" this week, the signal appeared before the 60-fold rebound of BTC

Bitcoin has had a very positive signal this week: the intersection of the 50-day moving average and the 200-day moving average appears as a "golden fork", the former surpassing the latter, indicating that the trend tends to be bullish. This graphic became a "golden cross" by some cryptocurrency traders. The data shows that in April 2019, when the transaction price of Bitcoin was $ 5,400, a golden cross appeared. In the following two months or so, the transaction price of Bitcoin rose by nearly 200% to $ 14,000. Then in October 2015, Bitcoin once again showed a golden cross. At that time, the transaction price of Bitcoin was $ 300. In the following years, the transaction price of Bitcoin rose by 600% to $ 20,000.