Bitcoin Forms Golden Cross Again — How High Can BTC Climb?
2025-07-20 09:41:35
Main Idea
Bitcoin's golden cross signal, where the 50-day SMA crosses the 200-day SMA, has historically preceded significant price rallies, though outcomes vary.
Key Points
1. The BTC golden cross occurs when the 50-day SMA crosses above the 200-day SMA, often signaling potential price surges.
2. Historical data shows BTC surged 139% in 2016, 2,200% in 2017, and 1,190% in 2020 after golden crosses appeared.
3. Not all golden crosses lead to massive rallies; in 2021 and 2023, BTC saw only 50% and 45% increases, respectively.
4. Short-lived golden crosses, where the 50-day SMA fails to stay above the 200-day SMA, result in minimal price spikes.
5. Market analyst Rekt Capital suggests BTC needs a daily close above $120,000 and a post-breakout retest to reach new highs.
Description
Following an impressive rally to new all-time highs (ATHs), bitcoin has been consolidating below the $120,000 range. However, market analysts have identified a signal that suggests the asset could see more explosive gains in the coming months. This signal is the BTC golden cross. It always forms when its 50-day simple moving average (SMA) crosses the 200-day equivalent. Golden crosses often precede massive price gains, although this does not happen all the time. Golden Cross Appears Again Accord...
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