Dear Bitcoin Traders, Golden Cross is Not Always a Bullish Signal

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The entire bitcoin trading community is holding its breath for a crucial bullish signal known as the Golden Cross.It started on April 2 when the bitcoin price – at last – broke above a stringent resistance area and surged 23 percent in a day. This upside swing changed the market’s entire dynamics. Almost all the technical indicators that were screaming bearish turned bullish overnight. Buying sentiment returned. Selling sentiment decreased. But most importantly, bitcoin managed to sustain its gains even though it did not extend it.Profit extension is now what the bitcoin trading community seeks — many waits for big whales to purchase bitcoins at recent higher lows so the price surges and strengthens the bullish sentiment further. But wait  we were talking about the Golden Cross.

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