Rare Golden Cross May Send Bitcoin (BTC) to New All-Time High
By: bitcoin ethereum news|2025/05/02 20:15:02
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A rare technical pattern that preceded a 69% rally in Bitcoin (BTC) last year has just made a comeback – and traders should take notice. The so-called golden cross, where the 23-day moving average crosses above the 200-day moving average, is about to be officially printed on Bitcoin’s daily chart. The last time this happened was October 2024. What followed was a surge from below $65,000 to over $108,000 in just a few months. Now, it is back. You Might Also Like According to the latest observation, BTC’s 23-day price curve is striving to cross the 200-day one from below, triggering what many see as a textbook bull rally signal. It is worth noting, though, that historically, golden crosses do not always guarantee immediate upside – but when they coincide with macro momentum and a breakout-ready chart, the results can be explosive. This time, the timing could not be more intriguing. Bitcoin is already trading above $96,000 and eyeing the $108,563 resistance level – the same local top it failed to break in March. With this pattern in play, bulls may now have the technical tailwind they have been waiting for. You Might Also Like The last time BTC printed this exact cross, the market was similarly consolidating near key resistance before blasting through on renewed volume and institutional inflows. Add to that today’s market environment – where the ETFs are flowing and Strategy buys billions every week – and this technical pattern suddenly looks like more than just coincidence. But bull-minded traders beware: false breakouts and “cross-fakeouts” have happened before. The coming days will be critical in confirming whether history really is repeating itself. Source: https://u.today/rare-golden-cross-may-send-bitcoin-btc-to-new-all-time-high
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