Death / Golden Cross (Unsplash) For many people, trading cryptocurrencies simply involves buying and holding particular coins in the hope that the coins will appreciate in value over time.

As firefighters worked tirelessly to save the historic structure, a photograph was taken of the altar, in which a large, golden cross can be seen reflecting light amid charred debris and rising smoke.

In October 2023, the golden cross was followed by a 45% BTC price rally, helped by Bitcoin ETF euphoria. September 2021 saw 50% gains in BTC price after painting a similar SMA crossover.

The death cross is the exact opposite of the golden cross, signaling a decisive downturn in a market. The death cross occurs when the short-term average trends down and crosses the long-term average.

‘Golden cross’ starts to form as bitcoin price eyes $50,000 breakout . The bitcoin price is sitting in a pivotal spot as chart analysis and market-moving developments suggest a coming surge.