Bitcoin approaches potential golden cross as price holds above key averages

Bitcoin could soon form a golden cross, a chart pattern signaling a strong bullish trend, according to an analysis by U.Today. The flagship cryptocurrency is trading around $95,000, above its 50-day exponential moving average (EMA) of $85,000, 100-day EMA ($88,000) and 200-day EMA ($86,000). A golden cross occurs when the 50-day EMA crosses above the 200-day EMA. The report said the pattern could materialize if Bitcoin holds above $90,000 in the coming weeks.