E-Mini Nasda-100 (NDX) The term contracts increased by more than 1% on Tuesday, narrowly missing the $ 22,425 record hit on December 17, according to Data Source TradingView, a sign that could embrace Bitcoin
Bulls because both tend to move in tandem.
Other evidence comes from the daily table of NDX Futures, which has flashed an increased golden cross, the simple 50 -day mobile average (SMA) exceeding the 200 -day line.
A golden cross is a sign that the short -term trend is now outstanding wider momentum with the potential to evolve into a major trend.
According to a CNBC analysis, the Golden Cross is a reliable indicator for term contracts, the index increasing more than 70% of the time after only one. The index jumped from 34% to 18,328 in one year after the occurrence of the previous golden cross on March 13, 2023.
Note that the BTC rally blocked more than $ 100,000 since it reduced a golden cross on May 23. The indicator based on the mobile average has a mixed record for predicting price trends on the Bitcoin market.
