![Bitcoin’s [BTC] Weekly Price Averages Confirm First Ever Golden Cross](https://digitallifegaming.com/wp-content/uploads/2024/01/6FH6VZSU6RH25KLWEH6OPIUW2U-768x402.png "Bitcoin’s [BTC] Weekly Price Averages Confirm First Ever Golden Cross")
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The 50-week simple moving average (SMA) on bitcoin has crossed over the 200-week SMA for the first time on record, confirming the golden cross. The phrase and its counterpart, “the death cross,” in which the short-duration SMA dips below the long-duration SMA, originated in Japan, per some technical analysis textbooks.
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