Bitcoin flashed a bullish 'golden cross' signal on Tuesday, a technical pattern that occurs when the 50-day moving average crosses above the 200-day moving average. This is the first golden cross for bitcoin in over a year, with the last signal appearing in May 2025, according to Bespoke Investment. The signal has historically preceded further upside in an asset's price. Market professionals are now watching for bitcoin to break through $80,000 and $90,000 to confirm further gains.
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