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What happens after a "Golden Cross" appears in Bitcoin's history?
The previous post about "Golden Cross" received a good response — let's dive deeper into this topic.
If you think that a "Golden Cross" = an immediate surge the next day — sorry, the market isn't that simple. But here’s some interesting data: the last three occurrences have almost followed the same pattern.
1. April 2019
- MA50 crosses above MA200
- A few days later, a -10% correction
- Then? It skyrocketed from $5,000 to $13k
2. February 2020
- Golden Cross appears → correction
- Then? The pandemic black swan triggered a crash
- But months later, a new cycle of bull market began
3. September 2021
- Moving averages cross → sideways consolidation
- Then surged from $45k to $69k (a new all-time high)
What lessons can we learn?
A Golden Cross is not a "full position, all-in" signal, but a confirmation of a trend reversal.
However, the market often makes sharp corrections to shake out stop-losses.
Only then does the main upward wave continue.
So, stay patient — the good show is yet to come.