Andre Francois / Unsplash
Binance

Cryptocurrency investors now have another reason to be bullish on Bitcoin (BTC) after one of the more bullish chart patterns formed on Tuesday.

According to the BTC/USD chart, Bitcoin’s 50-day moving average has officially crossed above the 200-day moving average. The pattern is commonly known as a golden cross and is often viewed as an indication that a major rally is on the horizon.

For reference, the last time the 50-day moving average moved above the 200-day in 2015, Bitcoin began a multi-year climb from $200 to $20,000…

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