The golden cross and death cross are two technical signals based on the 50-day moving average crossing above or below the 200-day moving average, supposedly indicating bullish and bearish trends respectively. These indicators are lagging indicators that predict nothing and merely confirm movements already well underway. In June 2021, bitcoin’s death cross appeared with the price around $31,000 after the April peak, yet proved completely misleading as bitcoin reached a new ATH of $68,982 on November 10. The article recommends using these crossovers as a contextual tool to assess trend regime without making them a standalone buy or sell trigger.
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