#BTC110KToday?
A Golden Cross on the daily timeframe for Bitcoin typically occurs when the 50-day moving average (50 MA) crosses above the 200-day moving average (200 MA)—a strong bullish signal historically. If it's projected to happen within the next 24 hours, it suggests sustained upward momentum.
Key Takeaways:
Golden Cross = Bullish Signal Historically, this pattern often precedes strong price rallies, though it's not a guarantee.
All-Time High (ATH) Potential For Bitcoin to reach a new ATH (currently around $69,000–$74,000 depending on the exchange), several conditions must align:
Continued bullish sentiment in the broader crypto market
Strong inflows into BTC (spot ETFs, institutional buying)
No sudden macroeconomic shocks or regulatory pressures
What to Watch:
Volume confirmation on the cross
RSI and momentum indicators for overbought conditions
Resistance levels near $70K+
Would you like a chart or technical breakdown of Bitcoin’s current setup to validate this momentum?