Bitcoin is showing signs of a bullish trend and is on the verge of making a historical golden cross chart pattern, which has never happened before. This is a positive signal that could lead to a significant increase in the price of the decentralized finance (DeFi) asset in the near future. The golden cross occurs when a short-term moving average (MA) moves above a longer-term MA, indicating a bullish trading signal. In contrast, a death cross happens when a short-term MA drops below a longer-term MA, suggesting a bearish trading sign. Despite a slight decrease in the last 24 hours, Bitcoin has gained 1.88% over the previous seven days and is currently trading at $27,850.
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