✉news BusinessCrypto first seen 6 h ago, last 4 h ago, peak #23
BlackRock's IBIT Bitcoin Fund Flashes Golden Cross
Original: BlackRock IBIT Flashes Golden Cross: What It Signals
BlackRock's spot Bitcoin ETF, IBIT, has flashed a golden cross, a technical pattern that occurs when a short-term moving average crosses above a long-term one. Traders traditionally read it as a bullish signal, and crypto analysts are weighing whether it points to renewed upward momentum for Bitcoin prices through the popular fund.
Why now: Traders see the golden cross on a major Bitcoin ETF as a potential bullish signal for crypto prices.
Evidence
- BlackRock IBIT Flashes Golden Cross: What It Signals · Stocktwits
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