Bitcoin is approaching a new golden cross, a technical signal formed when the 50-day moving average crosses above the 200-day moving average. Since 2012, twelve similar crossovers have occurred with mixed results: three preceded major rallies such as the 306% gain in 2012 and 312% in 2020, but only three out of twelve signals lasted for a full year. Meanwhile, USDT dominance is nearing a death cross, a second indicator suggesting a declining share of stablecoins relative to riskier crypto assets. These two converging signals point to market acceleration, though the article notes that moving averages follow prices and do not guarantee future movements.
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