Bitcoin Breaks Through Resistance with Promising ‘Golden Cross’ Signal

Bitcoin continues to capture attention, experiencing a surge following its strong close in 2024. The current price chart shows the 50-day simple moving average (SMA) surpassing the 200-day average, a signal often referred to as the ‘golden cross,’ signifying a potential market growth spurt. Technical analysts are closely watching this indicator, though its predictive power remains uncertain, as historical data offers mixed signals.