{"id":650571,"date":"2024-10-29T14:05:59","date_gmt":"2024-10-29T14:05:59","guid":{"rendered":"https:\/\/wncen.com\/?p=650571"},"modified":"2024-10-29T14:05:59","modified_gmt":"2024-10-29T14:05:59","slug":"bitcoin-triggers-golden-cross-what-this-means-for-the-crypto-trend","status":"publish","type":"post","link":"https:\/\/wncen.com\/bitcoin-news\/bitcoin-triggers-golden-cross-what-this-means-for-the-crypto-trend\/","title":{"rendered":"Bitcoin Triggers Golden Cross: What This Means For The Crypto Trend"},"content":{"rendered":"

Bitcoin price is now above $70,000 per coin. The recent rally back toward local all-time highs has carried BTCUSD high enough to causes two important moving averages to form a “Golden Cross.” This signal has appeared twice since the bear market bottom and yielded significant results. Let’s take a look at the data and the most recent signal now that it has confirmed.<\/p>\n

 <\/p>\n

\"BTCUSD_2024-10-29_09-10-20\"
Bitcoin triggers golden cross<\/figcaption><\/figure>\n

Bitcoin Daily Golden Cross: 50-Day And 200-Day Moving Averages<\/h2>\n

As pictured above, BTCUSD has triggered a daily golden cross<\/a> of the 50-day and 200-day moving averages. In technical analysis, a golden cross happens when a short-term moving average crosses above a long-term moving average. This typically suggests that there is an actively trending environment and price is expected to appreciate.<\/p>\n

Related Reading: Bitcoin Hash Ribbons Flash \u2018Buy\u2019 Signal: Analysts See New Highs On The Horizon<\/a><\/div>\n

The opposite, bearish signal is referred to as a death cross. The chart above also depicts a death cross in August 2024. However, its appearance didn’t lead to a prolonged downtrend. Could this also mean that this latest golden cross might not produce a sustainable uptrend?<\/p>\n

\"BTCUSD_2024-10-29_09-20-50\"
This is the third golden cross since 2023<\/figcaption><\/figure>\n

BTCUSD Golden Cross And Death Cross Recent History<\/h2>\n

Zooming out provides a more clear picture of the signal’s effectiveness since the bear market bottom in November 2022. BTCUSD rising from bear market lows around $16,000 to $23,000 was enough to pull the 50-day moving average above the 200-day average, triggering the first golden cross of 2023.<\/p>\n

This kept Bitcoin trending higher until it reached roughly $32,000, then fell to retest lows around $25,000. The bearish short-term price action then triggered a death cross. Here, much like we saw in 2024, Bitcoin trended sideways and avoided a downtrend. It didn’t take much upside to force another golden cross. From that golden cross, BTCUSD rallied another 100%, doubling in price.<\/p>\n

The chart above shows that the golden cross in October 2024 occurred just months after the death cross, just like it did in late 2024. Could that mean another 100% rally from current levels? If so, Bitcoin price could reach as high as $140,000 before beginning to show weakness.<\/p>\n

\"\"
Every golden cross or death cross since 2018 examined<\/figcaption><\/figure>\n

Buy And Hold: Using Moving Average Crosses As A Trading System<\/h2>\n

Using the 50-day and 200-day moving averages as a buy and hold trading system starting from 2018 would have yielded significant results. The first golden cross fired in April 2019 at around $5,000 per BTC. A death cross in October 2019 closed out the trade and sold some coins. A quick golden cross and death cross combo in early 2020 led to a small loss. May 2020’s golden cross more than made up for it, triggering when Bitcoin was trading just below $10,000.<\/p>\n

The trade stayed open while Bitcoin blasted off into its most bullish trend in recent years and eventually closed with the next death cross in Jun 2021 at around $35,000 per BTC. This kept $25,000 in profit from the trade, combined with the initial $4,000 profit from the early 2019 trade to make $29,000. The small loss takes the total closer to $28,500.<\/p>\n

Related Reading: Bitcoin Dominates $3.4 Billion October Crypto Inflows\u2014What\u2019s Behind the Boom?<\/a><\/div>\n

In September 2021, BTCUSD golden crossed again at around $45,000, only to shortly later death cross at $3,000 lower. This death cross stayed active until Bitcoin shed another $30,000. Fortunately, using the two moving averages as a buy and hold trading system meant the death cross moved you to cash \u2013 avoiding the worst of the bear market.<\/p>\n

Come early 2023, Bitcoin was ready to begin a new uptrend and the golden cross triggered at $23,000. A death cross formed at $27,000, keeping another $6,000 worth of profits. Another golden cross in October 2023 triggered at $35,000, riding all the way to $62,000 when the most recent death cross closed out the trade.<\/p>\n

In six trades total, the 50\/200MA trading system would have earned approximately $58,500 as Bitcoin traveled from around $5,000 to $74,000. Four out of the six trades were profitable and the two losses were relatively minor when compared to the profits generated.<\/p>\n

Tony Severino, CMT is the author of the CoinChartist (VIP) newsletter<\/a>. Sign up for free<\/a>. Follow @TonyTheBullBTC<\/a> & @coinchartist_io<\/a> on Twitter. Or join\u00a0the TonyTradesBTC Telegram<\/a> for daily market insights and technical analysis education. Please note: Content is educational and should not be considered investment advice.<\/em><\/p>\n

\n
Featured image from ChatGPT, Charts from TradingView.com<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Bitcoin price is now above $70,000 per coin. The recent rally back toward local all-time highs has carried BTCUSD high enough to causes two important moving averages to form a “Golden Cross.” This signal has appeared twice since the bear market bottom and yielded significant results. Let’s take a look at the data and the most recent signal now that it has confirmed.   Bitcoin Daily Golden Cross: 50-Day And 200-Day Moving Averages As pictured above, BTCUSD has triggered a daily golden cross of the 50-day and 200-day moving averages. In technical analysis, a golden cross happens when a short-term moving average crosses above a long-term moving average. This typically suggests that there is an actively trending environment and price is expected to appreciate. Related Reading: Bitcoin Hash Ribbons Flash \u2018Buy\u2019 Signal: Analysts See New Highs On The Horizon The opposite, bearish signal is referred to as a death cross. The chart above also depicts a death cross in August 2024. However, its appearance didn’t lead to a prolonged downtrend. Could this also mean that this latest golden cross might not produce a sustainable uptrend? BTCUSD Golden Cross And Death Cross Recent History Zooming out provides a more clear picture of the signal’s effectiveness since the bear market bottom in November 2022. BTCUSD rising from bear market lows around $16,000 to $23,000 was enough to pull the 50-day moving average above the 200-day average, triggering the first golden cross of 2023. This kept Bitcoin trending higher until it reached roughly $32,000, then fell to retest lows around $25,000. The bearish short-term price action then triggered a death cross. Here, much like we saw in 2024, Bitcoin trended sideways and avoided a downtrend. It didn’t take much upside to force another golden cross. From that golden cross, BTCUSD rallied another 100%, doubling in price. The chart above shows that the golden cross in October 2024 occurred just months after the death cross, just like it did in late 2024. Could that mean another 100% rally from current levels? If so, Bitcoin price could reach as high as $140,000 before beginning to show weakness. Buy And Hold: Using Moving Average Crosses As A Trading System Using the 50-day and 200-day moving averages as a buy and hold trading system starting from 2018 would have yielded significant results. The first golden cross fired in April 2019 at around $5,000 per BTC. A death cross in October 2019 closed out the trade and sold some coins. A quick golden cross and death cross combo in early 2020 led to a small loss. May 2020’s golden cross more than made up for it, triggering when Bitcoin was trading just below $10,000. The trade stayed open while Bitcoin blasted off into its most bullish trend in recent years and eventually closed with the next death cross in Jun 2021 at around $35,000 per BTC. This kept $25,000 in profit from the trade, combined with the initial $4,000 profit from the early 2019 trade to make $29,000. The small loss takes the total closer to $28,500. Related Reading: Bitcoin Dominates $3.4 Billion October Crypto Inflows\u2014What\u2019s Behind the Boom? In September 2021, BTCUSD golden crossed again at around $45,000, only to shortly later death cross at $3,000 lower. This death cross stayed active until Bitcoin shed another $30,000. Fortunately, using the two moving averages as a buy and hold trading system meant the death cross moved you to cash \u2013 avoiding the worst of the bear market. Come early 2023, Bitcoin was ready to begin a new uptrend and the golden cross triggered at $23,000. A death cross formed at $27,000, keeping another $6,000 worth of profits. Another golden cross in October 2023 triggered at $35,000, riding all the way to $62,000 when the most recent death cross closed out the trade. In six trades total, the 50\/200MA trading system would have earned approximately $58,500 as Bitcoin traveled from around $5,000 to $74,000. Four out of the six trades were profitable and the two losses were relatively minor when compared to the profits generated. Tony Severino, CMT is the author of the CoinChartist (VIP) newsletter. Sign up for free. Follow @TonyTheBullBTC & @coinchartist_io on Twitter. Or join\u00a0the TonyTradesBTC Telegram for daily market insights and technical analysis education. Please note: Content is educational and should not be considered investment advice. Featured image from ChatGPT, Charts from TradingView.com<\/p>\n","protected":false},"author":517,"featured_media":650593,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[88240],"tags":[428,1119,1144,78790,6664,4524,76835],"class_list":["post-650571","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin-news","tag-bitcoin","tag-btc","tag-btcusd","tag-btcusdt","tag-crypto","tag-xbt","tag-xbtusd"],"acf":[],"yoast_head":"\nBitcoin Triggers Golden Cross: What This Means For The Crypto Trend<\/title>\n<meta name=\"description\" content=\"Bitcoin price is now above $70,000 per coin. The recent rally back toward local all-time highs has carried BTCUSD high enough to causes two important\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wncen.com\/bitcoin-news\/bitcoin-triggers-golden-cross-what-this-means-for-the-crypto-trend\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Triggers Golden Cross: What This Means For The Crypto Trend\" \/>\n<meta property=\"og:description\" content=\"Bitcoin price is now above $70,000 per coin. The recent rally back toward local all-time highs has carried BTCUSD high enough to causes two important\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wncen.com\/bitcoin-news\/bitcoin-triggers-golden-cross-what-this-means-for-the-crypto-trend\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2024-10-29T14:05:59+00:00\" \/>\n<meta name=\"author\" content=\"Tony "The Bull" Severino\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-29-at-9.54.25\u202fAM.png?fit=3568%2C2038\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/twitter.com\/tonythebullBTC\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Tony "The Bull" Severino\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/wncen.com\/bitcoin-news\/bitcoin-triggers-golden-cross-what-this-means-for-the-crypto-trend\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/bitcoin-news\/bitcoin-triggers-golden-cross-what-this-means-for-the-crypto-trend\/\"},\"author\":{\"name\":\"Tony \\\"The Bull\\\" Severino\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/5322c9a09a6f19804bb578de17556a1d\"},\"headline\":\"Bitcoin Triggers Golden Cross: What This Means For The Crypto Trend\",\"datePublished\":\"2024-10-29T14:05:59+00:00\",\"dateModified\":\"2024-10-29T14:05:59+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/wncen.com\/bitcoin-news\/bitcoin-triggers-golden-cross-what-this-means-for-the-crypto-trend\/\"},\"wordCount\":745,\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/bitcoin-news\/bitcoin-triggers-golden-cross-what-this-means-for-the-crypto-trend\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-29-at-9.54.25\u202fAM.png?fit=3568%2C2038\",\"keywords\":[\"bitcoin\",\"btc\",\"btcusd\",\"BTCUSDT\",\"crypto\",\"xbt\",\"xbtusd\"],\"articleSection\":[\"Bitcoin News\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2024\",\"copyrightHolder\":{\"@id\":\"https:\/\/wncen.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/wncen.com\/bitcoin-news\/bitcoin-triggers-golden-cross-what-this-means-for-the-crypto-trend\/\",\"url\":\"https:\/\/wncen.com\/bitcoin-news\/bitcoin-triggers-golden-cross-what-this-means-for-the-crypto-trend\/\",\"name\":\"Bitcoin Triggers Golden Cross: What This Means For The Crypto Trend\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/wncen.com\/bitcoin-news\/bitcoin-triggers-golden-cross-what-this-means-for-the-crypto-trend\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/bitcoin-news\/bitcoin-triggers-golden-cross-what-this-means-for-the-crypto-trend\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-29-at-9.54.25\u202fAM.png?fit=3568%2C2038\",\"datePublished\":\"2024-10-29T14:05:59+00:00\",\"dateModified\":\"2024-10-29T14:05:59+00:00\",\"description\":\"Bitcoin price is now above $70,000 per coin. The recent rally back toward local all-time highs has carried BTCUSD high enough to causes two important\",\"breadcrumb\":{\"@id\":\"https:\/\/wncen.com\/bitcoin-news\/bitcoin-triggers-golden-cross-what-this-means-for-the-crypto-trend\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/wncen.com\/bitcoin-news\/bitcoin-triggers-golden-cross-what-this-means-for-the-crypto-trend\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/bitcoin-news\/bitcoin-triggers-golden-cross-what-this-means-for-the-crypto-trend\/#primaryimage\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-29-at-9.54.25\u202fAM.png?fit=3568%2C2038\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-29-at-9.54.25\u202fAM.png?fit=3568%2C2038\",\"width\":3568,\"height\":2038},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/wncen.com\/bitcoin-news\/bitcoin-triggers-golden-cross-what-this-means-for-the-crypto-trend\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/wncen.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Bitcoin Triggers Golden Cross: What This Means For The Crypto Trend\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/wncen.com\/#website\",\"url\":\"https:\/\/wncen.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin & Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/wncen.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/wncen.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/wncen.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/5322c9a09a6f19804bb578de17556a1d\",\"name\":\"Tony \\\"The Bull\\\" Severino\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/129b75c18bdea8b048f1d7d526df61d7?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/129b75c18bdea8b048f1d7d526df61d7?s=96&d=mm&r=g\",\"caption\":\"Tony \\\"The Bull\\\" Severino\"},\"description\":\"Tony \\\"The Bull\\\" Severino, CMT, is a distinguished figure in the cryptocurrency analysis sector, renowned for his in-depth technical expertise and innovative approach to market trends. As the Head of Research at NewsBTC, Tony leads a team dedicated to providing cutting-edge insights and forecasts, helping both novice and experienced traders navigate the complexities of the crypto market. A seasoned Chartered Market Technician, Tony's prowess in identifying and capitalizing on market patterns is unmatched. His academic and professional journey in market analysis has firmly established him as a leading authority in technical trading strategies. Tony\u2019s approach is heavily influenced by the principles of Elliott Wave Theory, a method known for its rigorous assessment of investor psychology and price movements. Beyond his role at NewsBTC, Tony is the visionary founder of CoinChartist.io, an educational platform aimed at demystifying the nuances of cryptocurrency trading. CoinChartist.io serves as a valuable resource for traders seeking to enhance their technical analysis skills. The platform offers a range of learning tools and resources designed to empower traders with the knowledge to make informed trading decisions. In addition to his educational initiatives, Tony is a prolific author and a dominant voice in the crypto community. He writes the CoinChartist VIP newsletter, a weekly dispatch that has become a staple among crypto enthusiasts, revered for its insightful analysis and actionable trading advice. This newsletter has consistently ranked as a best-seller on SubStack, boasting thousands of subscribers who rely on Tony\u2019s expertise to guide their trading strategies. Tony is also celebrated for his literary contributions to the field. He is the author of the highest-rated Crypto Trading Journal on Amazon.com, a testament to his ability to communicate complex trading concepts in an accessible manner. This journal is widely regarded as an essential tool for traders aiming to track their progress and refine their strategies. Before his ascent in the financial analysis world, Tony honed his skills in journalism. His background in this field has endowed him with a unique ability to present intricate market dynamics in a clear and compelling manner, making his insights highly sought after by a broad audience that ranges from casual readers to professional traders. His professional affiliations underscore his commitment to excellence and continuous learning. As a partner of Elliott Wave International and TradingView, Tony collaborates with other leading experts to enhance his knowledge and skills. His active membership in the CMT Association further aligns him with the highest standards of industry practices and ethics. Tony\u2019s nickname, \\\"The Bull,\\\" aptly reflects his aggressive and optimistic outlook on the cryptocurrency markets. His forecasts often anticipate significant upturns, earning him a reputation for bullish predictions that have frequently led to lucrative outcomes for those who follow his advice. In summary, Tony \\\"The Bull\\\" Severino, CMT, is more than just a technical analyst; he is a mentor, educator, and innovator whose influence in the cryptocurrency space continues to grow. His dedication to advancing the understanding of market forces and his commitment to providing high-quality, reliable analysis make him a pivotal figure in the world of cryptocurrency trading.\",\"sameAs\":[\"https:\/\/coinchartist.io\/\",\"https:\/\/www.instagram.com\/coinchartist_io\/\",\"https:\/\/x.com\/https:\/\/twitter.com\/tonythebullBTC\",\"https:\/\/www.youtube.com\/@coinchartist_io\"],\"url\":\"https:\/\/wncen.com\/author\/tonymspilotro\/\"}]}<\/script>\n","yoast_head_json":{"title":"Bitcoin Triggers Golden Cross: What This Means For The Crypto Trend","description":"Bitcoin price is now above $70,000 per coin. The recent rally back toward local all-time highs has carried BTCUSD high enough to causes two important","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/wncen.com\/bitcoin-news\/bitcoin-triggers-golden-cross-what-this-means-for-the-crypto-trend\/","og_locale":"en_US","og_type":"article","og_title":"Bitcoin Triggers Golden Cross: What This Means For The Crypto Trend","og_description":"Bitcoin price is now above $70,000 per coin. The recent rally back toward local all-time highs has carried BTCUSD high enough to causes two important","og_url":"https:\/\/wncen.com\/bitcoin-news\/bitcoin-triggers-golden-cross-what-this-means-for-the-crypto-trend\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2024-10-29T14:05:59+00:00","author":"Tony \"The Bull\" Severino","twitter_card":"summary_large_image","twitter_image":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-29-at-9.54.25\u202fAM.png?fit=3568%2C2038","twitter_creator":"@https:\/\/twitter.com\/tonythebullBTC","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Tony \"The Bull\" Severino","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/wncen.com\/bitcoin-news\/bitcoin-triggers-golden-cross-what-this-means-for-the-crypto-trend\/#article","isPartOf":{"@id":"https:\/\/wncen.com\/bitcoin-news\/bitcoin-triggers-golden-cross-what-this-means-for-the-crypto-trend\/"},"author":{"name":"Tony \"The Bull\" Severino","@id":"https:\/\/wncen.com\/#\/schema\/person\/5322c9a09a6f19804bb578de17556a1d"},"headline":"Bitcoin Triggers Golden Cross: What This Means For The Crypto Trend","datePublished":"2024-10-29T14:05:59+00:00","dateModified":"2024-10-29T14:05:59+00:00","mainEntityOfPage":{"@id":"https:\/\/wncen.com\/bitcoin-news\/bitcoin-triggers-golden-cross-what-this-means-for-the-crypto-trend\/"},"wordCount":745,"publisher":{"@id":"https:\/\/wncen.com\/#organization"},"image":{"@id":"https:\/\/wncen.com\/bitcoin-news\/bitcoin-triggers-golden-cross-what-this-means-for-the-crypto-trend\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-29-at-9.54.25\u202fAM.png?fit=3568%2C2038","keywords":["bitcoin","btc","btcusd","BTCUSDT","crypto","xbt","xbtusd"],"articleSection":["Bitcoin News"],"inLanguage":"en-US","copyrightYear":"2024","copyrightHolder":{"@id":"https:\/\/wncen.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/wncen.com\/bitcoin-news\/bitcoin-triggers-golden-cross-what-this-means-for-the-crypto-trend\/","url":"https:\/\/wncen.com\/bitcoin-news\/bitcoin-triggers-golden-cross-what-this-means-for-the-crypto-trend\/","name":"Bitcoin Triggers Golden Cross: What This Means For The Crypto Trend","isPartOf":{"@id":"https:\/\/wncen.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/wncen.com\/bitcoin-news\/bitcoin-triggers-golden-cross-what-this-means-for-the-crypto-trend\/#primaryimage"},"image":{"@id":"https:\/\/wncen.com\/bitcoin-news\/bitcoin-triggers-golden-cross-what-this-means-for-the-crypto-trend\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-29-at-9.54.25\u202fAM.png?fit=3568%2C2038","datePublished":"2024-10-29T14:05:59+00:00","dateModified":"2024-10-29T14:05:59+00:00","description":"Bitcoin price is now above $70,000 per coin. The recent rally back toward local all-time highs has carried BTCUSD high enough to causes two important","breadcrumb":{"@id":"https:\/\/wncen.com\/bitcoin-news\/bitcoin-triggers-golden-cross-what-this-means-for-the-crypto-trend\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/wncen.com\/bitcoin-news\/bitcoin-triggers-golden-cross-what-this-means-for-the-crypto-trend\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/bitcoin-news\/bitcoin-triggers-golden-cross-what-this-means-for-the-crypto-trend\/#primaryimage","url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-29-at-9.54.25\u202fAM.png?fit=3568%2C2038","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-29-at-9.54.25\u202fAM.png?fit=3568%2C2038","width":3568,"height":2038},{"@type":"BreadcrumbList","@id":"https:\/\/wncen.com\/bitcoin-news\/bitcoin-triggers-golden-cross-what-this-means-for-the-crypto-trend\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/wncen.com\/"},{"@type":"ListItem","position":2,"name":"Bitcoin Triggers Golden Cross: What This Means For The Crypto Trend"}]},{"@type":"WebSite","@id":"https:\/\/wncen.com\/#website","url":"https:\/\/wncen.com\/","name":"NewsBTC","description":"Bitcoin & Cryptocurrency News Today","publisher":{"@id":"https:\/\/wncen.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/wncen.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/wncen.com\/#organization","name":"NewsBTC","url":"https:\/\/wncen.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/","url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/wncen.com\/#\/schema\/person\/5322c9a09a6f19804bb578de17556a1d","name":"Tony \"The Bull\" Severino","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/129b75c18bdea8b048f1d7d526df61d7?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/129b75c18bdea8b048f1d7d526df61d7?s=96&d=mm&r=g","caption":"Tony \"The Bull\" Severino"},"description":"Tony \"The Bull\" Severino, CMT, is a distinguished figure in the cryptocurrency analysis sector, renowned for his in-depth technical expertise and innovative approach to market trends. As the Head of Research at NewsBTC, Tony leads a team dedicated to providing cutting-edge insights and forecasts, helping both novice and experienced traders navigate the complexities of the crypto market. A seasoned Chartered Market Technician, Tony's prowess in identifying and capitalizing on market patterns is unmatched. His academic and professional journey in market analysis has firmly established him as a leading authority in technical trading strategies. Tony\u2019s approach is heavily influenced by the principles of Elliott Wave Theory, a method known for its rigorous assessment of investor psychology and price movements. Beyond his role at NewsBTC, Tony is the visionary founder of CoinChartist.io, an educational platform aimed at demystifying the nuances of cryptocurrency trading. CoinChartist.io serves as a valuable resource for traders seeking to enhance their technical analysis skills. The platform offers a range of learning tools and resources designed to empower traders with the knowledge to make informed trading decisions. In addition to his educational initiatives, Tony is a prolific author and a dominant voice in the crypto community. He writes the CoinChartist VIP newsletter, a weekly dispatch that has become a staple among crypto enthusiasts, revered for its insightful analysis and actionable trading advice. This newsletter has consistently ranked as a best-seller on SubStack, boasting thousands of subscribers who rely on Tony\u2019s expertise to guide their trading strategies. Tony is also celebrated for his literary contributions to the field. He is the author of the highest-rated Crypto Trading Journal on Amazon.com, a testament to his ability to communicate complex trading concepts in an accessible manner. This journal is widely regarded as an essential tool for traders aiming to track their progress and refine their strategies. Before his ascent in the financial analysis world, Tony honed his skills in journalism. His background in this field has endowed him with a unique ability to present intricate market dynamics in a clear and compelling manner, making his insights highly sought after by a broad audience that ranges from casual readers to professional traders. His professional affiliations underscore his commitment to excellence and continuous learning. As a partner of Elliott Wave International and TradingView, Tony collaborates with other leading experts to enhance his knowledge and skills. His active membership in the CMT Association further aligns him with the highest standards of industry practices and ethics. Tony\u2019s nickname, \"The Bull,\" aptly reflects his aggressive and optimistic outlook on the cryptocurrency markets. His forecasts often anticipate significant upturns, earning him a reputation for bullish predictions that have frequently led to lucrative outcomes for those who follow his advice. In summary, Tony \"The Bull\" Severino, CMT, is more than just a technical analyst; he is a mentor, educator, and innovator whose influence in the cryptocurrency space continues to grow. His dedication to advancing the understanding of market forces and his commitment to providing high-quality, reliable analysis make him a pivotal figure in the world of cryptocurrency trading.","sameAs":["https:\/\/coinchartist.io\/","https:\/\/www.instagram.com\/coinchartist_io\/","https:\/\/x.com\/https:\/\/twitter.com\/tonythebullBTC","https:\/\/www.youtube.com\/@coinchartist_io"],"url":"https:\/\/wncen.com\/author\/tonymspilotro\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Bitcoin Triggers Golden Cross: What This Means For The Crypto Trend","url":"http:\/\/wncen.com\/bitcoin-news\/bitcoin-triggers-golden-cross-what-this-means-for-the-crypto-trend\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/bitcoin-news\/bitcoin-triggers-golden-cross-what-this-means-for-the-crypto-trend\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-29-at-9.54.25\u202fAM.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-29-at-9.54.25\u202fAM.png?fit=3568%2C2038"},"articleSection":"Bitcoin News","author":[{"@type":"Person","name":"Tony \"The Bull\" Severino"}],"creator":["Tony \"The Bull\" Severino"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","btc","btcusd","btcusdt","crypto","xbt","xbtusd"],"dateCreated":"2024-10-29T14:05:59Z","datePublished":"2024-10-29T14:05:59Z","dateModified":"2024-10-29T14:05:59Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin Triggers Golden Cross: What This Means For The Crypto Trend\",\"url\":\"http:\\\/\\\/wncen.com\\\/bitcoin-news\\\/bitcoin-triggers-golden-cross-what-this-means-for-the-crypto-trend\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/bitcoin-news\\\/bitcoin-triggers-golden-cross-what-this-means-for-the-crypto-trend\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/10\\\/Screenshot-2024-10-29-at-9.54.25\\u202fAM.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/10\\\/Screenshot-2024-10-29-at-9.54.25\\u202fAM.png?fit=3568%2C2038\"},\"articleSection\":\"Bitcoin News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Tony \\\"The Bull\\\" Severino\"}],\"creator\":[\"Tony \\\"The Bull\\\" Severino\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"btc\",\"btcusd\",\"btcusdt\",\"crypto\",\"xbt\",\"xbtusd\"],\"dateCreated\":\"2024-10-29T14:05:59Z\",\"datePublished\":\"2024-10-29T14:05:59Z\",\"dateModified\":\"2024-10-29T14:05:59Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-29-at-9.54.25\u202fAM.png?fit=3568%2C2038","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/650571","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/517"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=650571"}],"version-history":[{"count":1,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/650571\/revisions"}],"predecessor-version":[{"id":650594,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/650571\/revisions\/650594"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/650593"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=650571"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=650571"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=650571"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}