How has #bitcoin behaved after Golden Cross?

A Golden Cross happens when Moving Average 50 crosses over Moving Average 200. Some consider a golden cross the start of a long-term uptrend & a strong indication of an imminent very strong bullish market.

Let us examine the last four Golden Cross on #bitcoin.
If we consider the price when the cross happened to the potential top afterwards, we get the following.


1st Golden Cross
Around 4239% rise in price seen on the 1st one.

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2nd Golden Cross
Around 146% rise in price seen on the 1st one.

Ref:



3rd Golden Cross
A potential loss of around 13.04% was seen on the 3rd one. The cross is invalid once the price goes below the MA 200.



4th Golden Cross
The last golden cross produced around a 623% price rise.