The Golden Cross Illusion: What Bitcoin's Bullish Signal Really Means The golden cross has become a widely followed chart pattern in cryptocurrency markets, hailed by some as a reliable harbinger of price increases and a sign that momentum is on the side of bulls.
However, this interpretation relies on a curious assumption about what happens when a short term trend overtakes a long term one.
In reality, such a crossover may simply be a case of short term noise overwhelming longer term trends rather than any meaningful shift in market fundamentals.