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Bitcoin Prints Critical Golden Cross as Futures Open Interest Hits Record High

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Bitcoin experiences a Golden Cross for the first time since February 2020.
The bullish indicator surfaced as open interest for CME Bitcoin Futures hit a record high.
Nevertheless, the cryptocurrency continues to hover below $10,000, while eyeing a price breakout.

On Wednesday, Bitcoin printed what is known in technical analysis as a “Golden Cross.”
The technical indicator occurs when an asset’s 50-day moving average crosses over its 200-day moving average. Its occurrence on the Bitcoin price chart has inspired larger bull runs. For instance, the cryptocurrency rallied by more than 150 percent after experiencing a Golden Cross on April ...

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