Bitcoin $103,928.94‘s price graph, after the significant rise in late 2024 began to sign a similar rise signal again. According to the latest data, the simple 50 -day simple moving average (SMA) showing the short -term average of Bitcoin was reported to be on a 200 -day average. This technical formation is called “Golden Cross ve on the market and can often be interpreted as a harbinger of a strong rise trend.
Golden Cross and Bitcoin
According to technical analysis experts, Golden Cross formation indicates that prices are more positive than the long -term train in the short term. Although the realization of the formation in question, Bitcoin’de can start a new rise movement, although it has come to the agenda, this indicator does not always give the expected result. Golden Cross, which is expected to be experienced soon, emerges after “Death Cross olan, which has recently realized and leads to misdiagnosis in the market. While Death Cross is usually associated with a decline trend, it remained a misleading decline signal in previous examples.
A similar process took place in August and September of 2024. At that time, after Death Cross, Bitcoin price decreased for a short time, but then with Golden Cross, prices began to rise. As a result of these developments, Bitcoin increased over $ 70,000 at the beginning of November and exceeded the highest level of all time in January.
Despite the fluctuations in technical indicators, macroeconomic developments are also known to be effective in the pricing of Bitcoin. Analysts emphasize that technical formations often have a psychological effect between investors, but prices are not absolutely shaped according to these indicators.
The US grade fell
Moody’s, a credit rating agency, announced that on Friday, the US credit rating from the highest level of “AAA” to “AA1” has reduced. Moody’s showed the increasing national debt of the US and the risks of sustainability in public finances as a reason for this decision. The total debt of the US has reached 36 trillion dollars.
Moody’s statement: “The US credit rating was reduced due to increasing risk of sustainability in the national debt and public finances.”
In a statement made by Moody’s, the increase in the US debt level leads to concern in global markets. In the bond market, we have already mentioned that these risks have been priced and the US bond returns have long been high.
In the past, the increase in bond returns and the long -term financial risks of the United States have increased interest in alternative investment instruments such as crypto assets and especially Bitcoin.
Bitcoin’s price course, both technical and macro developments are effective. In parallel with the Golden Cross formations in the past, a similar movement may be experienced in the near future, but economic risks and debt concerns are also important to shape the preferences of investors. In this process, investors, technical indicators alone do not give a definite result, changes in the economy in the economy can be determined in the price of assets such as Bitcoin is recommended.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
