Bitcoin (BTC) ‘golden cross’ due in days as bears draw a line at $47K BTC price

Bitcoin returned to $46,000 after a brief consolidation on Tuesday amid continued surprise at the strength of BTC’s price comeback.

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hovering around the $46,000 mark o Tuesday.

The pair had spent the night ranging slightly lower, at one point testing and recovering from $45,000 support.

In the absence of a larger pullback after days of significant gains, analysts were keen eyeing the approaching “golden cross” event on the daily moving average and weekly moving average convergence/divergence (MACD) BTC/USD charts.

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