Bitcoin Price Drops after Golden Cross, but Bulls Remain Optimistic

Following the highly anticipated golden cross, where the 50-day EMA crossed above the 200-day EMA, Bitcoin experienced a sudden price drop, falling from around $112,000 to approximately $107,000. Despite this significant retracement, market analysts are not sounding alarms. Many believe this dip is aligned with historical patterns observed in golden cross events. Past downturns have typically provided an opportunity for the market to consolidate before a subsequent surge.