Analysis: Bitcoin and MSTR simultaneously show golden cross technical signals, which may indicate a new round of upward trend

Odaily Planet Daily News: Recently, the daily charts of Bitcoin (BTC) and its largest listed holding institution Strategy (MSTR) have both shown a "golden cross" technical pattern, that is, the 50-day simple moving average (SMA) crosses the 100-day SMA, indicating that the short-term trend is stronger than the long-term trend, which may indicate the beginning of a new round of rising cycle. In addition, other technical indicators such as MACD also support this bullish signal. Nevertheless, the analysis pointed out that the current price of BTC is fluctuating in the range of US$101,000 to US$107,000. If it falls below US$100,000, it may trigger more profit-taking, and the callback support level is around US$98,000. (CoinDesk)