A golden cross is a bullish technical chart pattern where a shorter-term moving average crosses above a longer-term moving average, most commonly the 50-day moving average crossing above the 200-day moving average. It signals a potential shift from a bearish to a bullish trend and often attracts momentum buyers.
Example
“When Bitcoin's 50-day moving average crossed above its 200-day moving average forming a golden cross, technical traders interpreted it as a signal to enter long positions.”