#Bitcoin Approaches Golden Cross Amid U.S. Debt Worries, Weeks After Bear Trap Shake-Up
Bitcoin is on the verge of a "golden cross," a classic bullish indicator, just weeks after a sharp price reversal left bearish traders stranded. The move comes as mounting concerns over U.S. debt levels add fuel to the crypto market's volatility.
The potential golden cross—where Bitcoin’s 50-day moving average crosses above its 200-day average—often signals stronger upward momentum. This follows a recent rally that trapped pessimistic traders who had bet on further declines.
Meanwhile, anxiety over the U.S. government’s rising debt and potential economic instability has driven some investors toward alternative assets like Bitcoin. With macroeconomic uncertainty looming, analysts are watching whether this technical pattern could mark the start of a sustained uptrend.