BTC on the verge of witnessing a golden cross pattern. Immediate term, slight resistance abound, may break on the upside. Bitcoin, the poster boy of cryptocurrencies, is on the verge of witnessing a golden-cross technical pattern, which is bullish for the prices, even as in the immediate term there is a resistance that might try and halt the party for time being. BTC/USD is up two cents of a percent at $5,301 and trading in less than 1 percent range for the day, not a hallmark of a breakout – thanks to a key resistance on the hourly chart of the largest crypto that has been acting tough all this month. Perhaps golden crossover would prove a key to breaking this resistance on the hourly. A golden cross occurs when 50 days SMA crosses past 200 days SMA on the upside, opposite of the Death cross which is bearish for the prices. BTC/USD 60-minute chart: BTC/USD daily chart: 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 A “committed actor” may have behind the recent bull run FX Street 4 years BTC on the verge of witnessing a golden cross pattern. Immediate term, slight resistance abound, may break on the upside. Bitcoin, the poster boy of cryptocurrencies, is on the verge of witnessing a golden-cross technical pattern, which is bullish for the prices, even as in the immediate term there is a resistance that might try and halt the party for time being. BTC/USD is up two cents of a percent at $5,301 and trading in less than 1 percent range for the day, not a hallmark of a breakout - thanks to a key resistance on the hourly chart… 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.
