Golden Cross
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A Golden Cross is a bullish technical analysis pattern where a short-term moving average crosses above a long-term moving average, often seen as a strong buy signal.
Why It Signals Optimism
Typically, traders use the 50-day and 200-day moving averages. When the 50-day crosses above the 200-day, it suggests growing momentum and potential long-term upward trends in price.
Popular Among Traders
The Golden Cross is widely monitored in both crypto and traditional markets. It can attract investor confidence and trigger increased buying activity.