{"id":413734,"date":"2020-02-06T16:00:53","date_gmt":"2020-02-06T16:00:53","guid":{"rendered":"https:\/\/uniquehot.com\/?p=413734"},"modified":"2020-02-06T15:49:50","modified_gmt":"2020-02-06T15:49:50","slug":"bitcoin-golden-cross-crypto-bull-run","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/bitcoin-golden-cross-crypto-bull-run\/","title":{"rendered":"Bitcoin Just Formed a Golden Cross, Restoring Faith in A Crypto Bull Run"},"content":{"rendered":"

The bullish Bitcoin<\/a> rally of 2020 has helped push the leading crypto asset out of a six-month downtrend and two-year-long bear market.<\/span><\/p>\n

The buying pressure from FOMOing crypto investors just caused a golden cross to occur on price charts, which could very well signal the start of a new uptrend that could take Bitcoin to a new all-time high.<\/span><\/p>\n

Bitcoin Forms Golden Cross, Is The Next Crypto Market Bull Run Brewing?<\/h2>\n

Since the start of 2020, Bitcoin<\/a> is up over 40% on the year, making it among the top-performing assets of the year thus far, next to the likes of Tesla \u2013 which is currently making waves in the finance world for its Bitcoin-like meteoric rise.<\/span><\/p>\n

The bullish momentum across the crypto space has also caused altcoins to break upward out of downtrend resistance<\/a>, further helping to propel Bitcoin higher.<\/span><\/p>\n

Related Reading | 10 Factors Confirm a New Crypto Bull Market Has Officially Begun\u00a0<\/a><\/strong><\/em><\/p>\n

Oftentimes when altcoins are rallying, the value of Bitcoin rises as more and more crypto investors buy Bitcoin to trade into other altcoins. It\u2019s part of the reason that Bitcoin price was able to reach the $20,000 all-time high it set at the peak of the crypto bubble.<\/span><\/p>\n

That FOMO buying of Bitcoin<\/a> has helped the leading cryptocurrency by market cap rally from lows in the $6,000 range to a local high of over $9,800 as of the time of this writing.<\/span><\/p>\n

The rally has also caused Bitcoin to form a golden cross of the 50-day moving average and the 100-day moving average. A golden cross is a powerfully bullish signal that tells investors that the asset is healthy and may be primed for an extended uptrend in the days ahead.<\/span><\/p>\n

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G O L D E N C R O S S<\/p>\n

Dips are for buying.$BTC<\/a> pic.twitter.com\/5I776BwWbJ<\/a><\/p>\n

— MS\ud83d\udcc8 (@singhsoro) February 6, 2020<\/a><\/p><\/blockquote>\n