FX.co ★ Bitcoin: waiting for the formation of the "golden cross"

The first cryptocurrency is trying to gain a foothold in the upward trend, and its efforts are not unsuccessful. Experts believe that the appearance of the so-called "golden cross," which is formed on the digital asset chart, confirms bitcoin's growth.

According to analysts, the No. 1 cryptocurrency will be in the "green" zone this week. Consolidation in the upward trend is possible if the main digital asset manages to stay in the support zone, which is in the range of $44,000-$45,000. If a negative scenario is implemented and the first cryptocurrency falls to the lower limits of the support zone, mass purchases of military-technical equipment are possible, experts believe.

Currently, a key virtual asset is in the process of forming a "golden cross," the appearance of which will raise the bitcoin to a new height. On Monday, September 13, the BTC/USD pair reached $44,648. However, the "golden cross" promised by analysts has not yet been realized.

According to experts, Bitcoin is close to the appearance of a powerful "bullish" signal. On its chart, the 50-day moving average is ready to cross the 200-day MA, thereby forming a "golden cross." On the Bitcoin chart, where this technical design may appear, the 200-day MA is blue, and the 50-day MA is white.

To date, the upward trend of the main cryptocurrency remains in force, although last week, a sharp decline in its price was recorded. According to experts, active growth of bitcoin should be expected after the breakdown of the upper limit of the resistance level, located near the mark of $48,000.