Bitcoin Is About To Make A Golden Cross: What Happens Next?

  • Cryptocurrency analyst Benjamin Cowen says Bitcoin's (CRYPTO: BTC) soon-to-form golden cross could act as a local market peak rather than a signal of a sustained rally. What Happened: In his update published on YouTube on May 19, Cowen noted "We're going to have a golden cross within the next few days," highlighting that the gap between the 50-day and 200-day SMAs has narrowed from $1,600 to just $600, signaling imminent crossover.