![Bitcoin’s [BTC] Weekly Price Averages Confirm First Ever Golden Cross](https://www.coindesk.com/resizer/wp6EAdQBotzI8cprzgygRmYLc2I=/800x600/cloudfront-us-east-1.images.arcpublishing.com/coindesk/6FH6VZSU6RH25KLWEH6OPIUW2U.png "Bitcoin’s [BTC] Weekly Price Averages Confirm First Ever Golden Cross")
Bitcoin’s [BTC] Weekly Price Averages Confirm First Ever Golden Cross
The 50-week simple moving average (SMA) on bitcoin has crossed over the 200-week SMA for the first time on record, confirming the golden cross. The phrase and its counterpart, “the death cross,” in which the short-duration SMA dips below the long-duration SMA, originated in Japan, per some technical analysis textbooks.
