First Weekly Golden Cross ever?

in bitcoin •  2 months ago 

This is something to pay attention to

We may be seeing the first Golden Cross with the 100 and 200 moving averages.

We have rarely if ever seen a cross of the 100 week moving average above the 200 week moving average on bitcoin.

Check it out:

image.png

(Source: https://x.com/el_crypto_prof/status/1834912897597632707/photo/1)

This is the weekly chart and is something to pay attention to.

The weekly chart indicates longer term moves so a golden cross on the weekly might mean that we don't see bitcoin peak for a while yet.

We may just run higher for longer than just about anyone thinks is possible.

That would be nice!

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