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The market pullback affects Meme coins, with CLIPPY, SPARK, and TROLL dropping over 30% from their monthly highs.
2025-08-15 09:17
Greeks.Live: Today, 39,000 BTC and 280,000 ETH Options will expire, with the maximum pain points at $118,000 and $4,000.
2025-08-15 08:42
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Analyst: BTC moving averages seem to be on the verge of a 'golden cross', indicating a bullish outlook
BlockBeats news, on October 23, CoinDesk market analyst Omkar Godbole stated that BTC’s 50-day Simple Moving Average (SMA) has started to rise and looks set to surpass the 200-day SMA in the next few days, confirming the so-called ‘golden cross’. This pattern indicates that short-term price momentum exceeds long-term momentum, potentially evolving into a Bull Market. Indicators based on MA are often criticized as lagging signals, which may lead traders to the wrong side of the market. Although this view is generally correct, the golden cross has indeed foreshadowed major Bull Markets. Traders who held BTC for a year after the first and second golden crosses, as well as the golden cross in May 2020, saw triple-digit percentage returns. After the golden cross on October 30, 2023, the value of BTC doubled, reaching a new all-time high of over $73,000.