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Fidelity Highlights Bitcoin Golden Cross: Is a 70% Surge on the Horizon?

  • Fidelity Digital Assets pointed out the potential emergence of another golden cross, signaling upward momentum in Bitcoin.
  • A golden cross occurs when the 50-day moving average crosses above the 200-day moving average, historically indicating bullish trends.
  • The last golden cross in 2023 saw BTC price rise from $34.5k to $60.9k, a 76.5% increase.
  • With Bitcoin closing at $69,800 after the recent reversal of the death cross, analysts are watching for confirmation of a sustained upward trend.

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