28-12-2019 03:00 via newsbtc.com

Bitcoin Poised to Retest $5,000 Before Return to Bull; Here’s Why Analysts Think So

Earlier this month, the one-week Bitcoin chart printed an extremely bullish sign: the golden cross of the 50-week and 100-week simple moving averages, with the former crossing above the latter. (As an aside, a golden cross is when a short-term moving average crosses over a long-term one to imply bulls have control.)
Related Reading: Bitcoin Poised to Collapse Under $5,000? Market Cycle Fractal Suggests So
While this is a decidedly bullish sign in the long term, with this signal pr
Read more »