As the new day has begun, we have finally reached the long awaited golden cross on the BTC/USDT trading pair. On Binance, the 50 day moving average is currently $45,926 and the 200 day moving average is currently $45,854.
We've been waiting for this Golden Cross since the Death Cross that happened only a few months ago. Even though this is a lagging indicator, it is bullish nonetheless and shows us that the short term gains on BTC are better over the last 50 days on average then the last 200 days on average!
This is great news for fellow BTC and Crypto bulls! Hopefully we are moving onto new ATH's soon!