Bitcoin Is About To Make A Golden Cross: What Happens Next?

Cryptocurrency analyst Benjamin Cowen says Bitcoin’s (CRYPTO: BTC) soon-to-form golden cross could act as a local market peak rather than a signal of a sustained rally.

What Happened: In his update published on YouTube on May 19, Cowen noted “We’re going to have a golden cross within the next few days,” highlighting that the gap between the 50-day and 200-day SMAs has narrowed from $1,600 to just $600, signaling imminent crossover.

While 2023 and 2024 golden crosses led to immediate upside, earlier market cycles often saw a pattern where Bitcoin “rallied into the golden cross and then dumped right …

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