Bitcoin Risks Massive Plunge even amidst Golden Cross Setup; Here’s Why

Is the price of bitcoin preparing for a massive price rally ahead? Many traders believe so.
The optimistic sentiments emerge owing to a potentially bullish factor. The bitcoin’s 50-daily moving average this Tuesday inched above its 200-daily moving average, a pattern known as Golden Cross.
Golden Cross formation hints an upside price rally | Source: TradingView.com, Coinbase
This indicator has flashed on a few occasions in recent times. Last seen in April 2019, it more or less resulted in