Bitcoin formed a golden cross, indicating potential price gains. Traders and analysts see this as a positive sign that historically precedes price rallies. Holding BTC during previous golden crosses has resulted in triple-digit percentage profits. However, moving average crossovers can trap traders on the wrong side of the market. Bitcoin's most recent death cross led to a recovery in price. Currently, BTC is up 2.37% to $68,610, with bulls maintaining an upward trend. If the price closes in the green, it would be the third straight day of gains. Buyers will need to push the price above $69,550 to continue the upward trend. On the downside, a breakdown could give bears the advantage. Investors are also monitoring central bank commentary following IMF meetings.



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