Bitcoin's Golden Cross, Day 17
Bitcoin is running far ahead of how it normally behaves after a golden cross, which is good for holders now but leaves room for a pullback.
- Bitcoin crossed into a daily golden cross — a bullish chart signal — 17 days ago.
- Past golden crosses were much weaker at this stage; the typical return by day 17 was slightly negative.
- This time Bitcoin has pulled well above that historical path instead of stalling out.
- Past runs usually saw a cooling-off period around now, which has not shown up yet.
Outlook: The gap between this rally and past ones is wide enough that a pause or pullback would be normal from here.