Bitcoin flirts with golden cross Bitcoin's 2023 rally is stalling after coming tantalisingly close to forming a trading signal last seen when the token was setting records. The coin's near 4% slide in the seven days to Sunday was the largest weekly drop since November, paring its year-to-date gain to 39%. Bitcoin remains on the cusp of a golden cross, where the 50-day average price tops the 200-day. This pattern occurred before bull runs in 2020 and 2021."Most instances of a golden cross have resulted in favourable returns for bitcoin, and many have occurred at critical long-term inflection points," Sean Farrell, Fundstrat Global Advisors' digital asset strategy head, wrote in a note.

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