Bitcoin 'golden cross' that sparked 2000% BTC gains is already here
2025-07-18 09:44:15
Main Idea
Bitcoin has formed a 'golden cross' on its daily chart, a technical indicator that historically precedes significant price gains, with some past instances seeing increases over 2,000%.
Key Points
1. A 'golden cross' occurs when Bitcoin's 50-day simple moving average (SMA) crosses above its 200-day SMA, often leading to substantial price surges.
2. Past golden crosses in 2017 and 2020 resulted in Bitcoin price increases exceeding 2,000%.
3. The current golden cross has so far yielded a modest 12% gain, but traders anticipate further upside, with targets around $135,000.
4. Bitcoin's breakout potential hinges on surpassing the $120,000 resistance level, with analysts suggesting a close above this range could confirm new highs.
5. The market consensus is increasingly optimistic about Bitcoin's price discovery phase, with expectations of continued upward momentum.
Description
Bitcoin bulls are salivating as the 2025 daily golden cross starts to deliver classic BTC price gains — in the past, these have exceeded 2,000%.
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