Verified Mini-Golden Cross for Bitcoin (BTC): Another Price Increase?
U.Today: Bitcoin recently showed a favorable technical signal, a mini-golden cross between the 50-day and 100-day exponential moving averages (EMAs). Although not as frequently seen as the traditional 50/200 EMA golden cross, this crossing is a potent momentum indicator, especially in light of Bitcoin’s current bullish structure.
A short- to mid-term trend reversal confirmation is shown by the 50 EMA’s distinct move above the 100 EMA (orange). After successfully breaking through key resistance levels, most notably the previous peak at $102,000, Bitcoin is stabilizing at local highs as it continues to ascend above $110,000, marking this crossing.
Mini-Golden Cross for Bitcoin (BTC)
The price structure looks steady with consistent closes above prior resistance levels, significant volume breakouts, and good follow-through. The RSI, which is prolonged but not yet overheated and falls between 70 and 74, supports the idea of ongoing momentum as long as the market does not overextend too quickly. This golden cross feeds the flames already fuelled by macroeconomic tailwinds and institutional accumulation narratives.
EMA crossings are seen by the market as markers of confidence, especially in erratic regions such as post-ATH discovery, where each crossover serves as a step on a ladder. The $120,000 psychological round figure is the next big hurdle.
If Bitcoin clears it with substantial volume, especially if retail enthusiasm returns and the futures markets do not overheat with excessive leverage, the rise toward $130,000 seems feasible.
This rally might continue to expand if the external situation remains positive, especially considering the clear break above the $102,000 barrier, which was formerly a very powerful resistance. Traders should be cautious, though. Short-term corrections are often the result of such sudden changes.
A drop to $102,000 would likely be a test of newly found support rather than a structural failure until the market breaks on strong selling volume, which would contradict the bullish thesis.
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