Bitcoin's golden cross is coming: What it could mean for investors

00:00 Speaker A

Uh, the first story is one that might be a little bit noisy, but I think it gives us a bit more information on what's likely coming for Bitcoin. It is this one right here. Bitcoin's fabled golden cross is coming.

00:10 Speaker A

And USDT may be the real signal this time. So for those of you who don't know, a golden cross is when the 50 moving average crosses up above the 200 moving average or anytime a shorter time frame moving average

00:21 Speaker A

crosses above a longer time frame moving average. Now, listen, these are lagging indicators, moving averages tell you what happened in the past, not necessarily what's coming in the future. But in the case of Bitcoin on the daily chart, they have been somewhat reliable. They've produced 12 golden crosses since 2012 on the Bitcoin chart.

00:35 Speaker A

The nine with measurable three-month returns produced an average gain of approximately 24.9%. Now, once again, in a vacuum, I don't think this is a particularly important story.

00:45 Speaker A

But when you add it to the months of data of me telling you that I think Bitcoin is likely bottoming and all of the signals compounding, this is yet another piece of evidence that the Bitcoin bear market bottom is likely in.