Under-The-Radar Bullish Bitcoin Moving Average Crossover Looks Imminent

Many traders and technicians intimately travel the well-known “Golden Cross” moving mean crossover successful cardinal liquid markets specified arsenic Bitcoin, Gold, and the Nasdaq 100 Index among others. Today, however, we’ll analyse an under-the-radar Bitcoin moving mean crossover which looks imminent. Using Bitcoin’s reliable information from 2011 done today, let’s find retired if this lesser known moving mean crossover looks bullish oregon bearish going forward.

This Lesser Known Moving Average Crossover May Soon Hit

While the Golden Cross occurs erstwhile the 50-day elemental moving mean crosses supra the 200-day elemental moving average, Bitcoin’s 50-day elemental moving mean (50MA) presently looks poised to transverse supra its 100-day elemental moving mean (100MA) wrong days. Earlier this year, Bitcoin’s 50MA crossed supra its 100MA arsenic the fig 1 crypto by marketplace headdress surged successful January disconnected of its post-FTX illness low. Further Bitcoin gains followed from this astir caller crossover.

Bitcoin Daily Chart  | BTCUSD connected TradingView.com

Now that Bitcoin has extended its year-to-date gains successful caller sessions, its 50MA looks poised to transverse backmost supra its 100MA erstwhile again. Beyond the awesome earlier this year, what’s happened successful the past erstwhile Bitcoin’s 50MA has crossed supra its 100MA?

Sixty Days And Beyond Looks Bullish

To find out, we’ll look astatine each signals since 2011, adding an other information which amended describes existent marketplace conditions with respect to Bitcoin. Our other information requires that Bitcoin’s 100MA indispensable beryllium rising, meaning that the mean closed astatine a worth greater than the time earlier erstwhile the 50MA crossed supra the 100MA. This further request filters retired 50MA > 100MA crossovers during periods of downward terms momentum and amended describes Bitcoin’s existent method state.

While the holding clip graphic beneath illustrates Bitcoin’s humanities inclination for further upside pursuing specified signals, hypothetical gains look unimpressively tiny with short-term holding times of 7 to 15 days, up lone +1.8% and 1.9% respectively. Moving retired to a 30-day holding time, the Average Trade of +10.4% looks acold much promising.

Bitcoin Holding Time Stats  | SOURCE: Tableau

From an intermediate-term perspective, however, the Average Trade stats leap importantly higher with hypothetical gains ranging from +45.7% with a 60-day holding clip to +170.9% with a 90-day hold.

Returning to the aboriginal 2023 awesome and assuming a 90-day clasp (1/25/23 to 4/25/23), Bitcoin’s caller 50MA >100MA crossover gained a respectable +22.7%. While it’s intelligibly beneath the Average Trade worth for the afloat past of these crossover signals, Bitcoin whitethorn beryllium poised for perchance higher prices if it’s 50MA tin erstwhile again adjacent supra its rising 100MA.

DB the Quant is the writer of the REKTelligence Report newsletter connected Substack. Follow @REKTelligence connected Twitter for evidence-based crypto marketplace probe and analysis. Important Note: This contented is strictly acquisition successful quality and should not beryllium considered concern advice. Featured images created with Tableau. Charts from TradingView.com.