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Heard on the Block: "golden cross"

Snacks / Thursday, February 23, 2023

Like when a team pulls ahead after being down the entire first half…

In the world of technical analysis, when a stock's 50-day moving average crosses above its 200-day moving average, it makes a cross-like pattern on price charts that’s referred to as a "golden cross." Some investors consider it a bullish signal. Bitcoin just had a golden cross moment last weekend — its first since August 2021.

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