The 200-day simple moving average (SMA 200) and the 50-day simple moving average (SMA 50) curves on the BTC/USD daily chart have crossed over and created the golden cross pattern for the first time since 2015. In the process, the market enjoyed a bullish breakout after it has been trending in a channel for six days. This Tuesday, the price went up from $5,380 to $5,528, reaching a high of $5,630. BTC/USD Daily Chart The bulls will aim to garner enough momentum to take the price to $6,000. The signal line has intersected with the MACD line, showing that market momentum has shifted from the bears to bulls. The relative strength index (RSI) curve has crept into the overbought zone. The last six sessions in the Elliot wave oscillator have been evenly split between the bulls and the bears indicating that the market has been consolidating. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next GBP/USD: Break of 1.2970/60 favors sellers amid Brexit uncertainty despite recent pullback FX Street 4 years The 200-day simple moving average (SMA 200) and the 50-day simple moving average (SMA 50) curves on the BTC/USD daily chart have crossed over and created the golden cross pattern for the first time since 2015. In the process, the market enjoyed a bullish breakout after it has been trending in a channel for six days. This Tuesday, the price went up from $5,380 to $5,528, reaching a high of $5,630. BTC/USD Daily Chart The bulls will aim to garner enough momentum to take the price to $6,000. The signal line has intersected with the MACD line, showing that market… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
