As Bitcoin hovers around the $105,000 mark, market analysts are turning their attention to a technical signal that has historically preceded major rallies: the Golden Cross.
According to crypto analyst Nic, the BTC Golden Cross has consistently led to massive price surges in the months following its formation.
But what is the Golden Cross—and why is it considered so bullish?
Understanding the Golden Cross
The Golden Cross is a classic bullish technical indicator that occurs when a short-term moving average—typically the 50-day SMA—crosses above a long-term moving average, like the 200-day SMA. This crossover suggests a shift in market momentum and growing long-term investor confidence.
In Bitcoin’s case, this signal has reliably marked the beginning of major uptrends.
Golden Cross Rallies: A Look at the Data
Nic highlights four recent Golden Cross instances where Bitcoin experienced significant gains within a few months:
- September 2021: +51% rally
- January 2023: +58% rally
- October 2023: +144% rally
- October 2024: +66% rally
These rallies demonstrate not only consistent positive momentum but also the potential for exponential price action when bullish sentiment aligns with technical patterns.
Current Outlook: Another Golden Cross Approaching
With only a few days left until the next anticipated Golden Cross, crypto traders and institutions alike are closely watching Bitcoin’s price action. The chart in Nic’s tweet—powered by TradingView—shows historical surges following past crosses, visually reinforcing the bullish narrative.
While technical indicators aren’t guarantees, the consistency of past reactions adds credibility to the current hype.
Final Thoughts
Bitcoin’s history shows that Golden Cross events are often followed by impressive rallies, with the most recent October 2023 signal resulting in a staggering 144% move. If history is any guide, the coming days could mark the beginning of yet another major leg up for BTC.
Whether you’re a trader or a long-term holder, this could be one of those moments worth watching closely.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/why-a-50-jump-could-be-next-for-bitcoin/