#GoldenCross

Previous golden crosses led to 45-60% $BTC price rallies

As of May 20, Bitcoin’s 50-day simple moving average (50-day SMA; the red wave) was eyeing a close above its 200-day SMA (the blue wave) for the first time since October 2024, forming a golden cross.

Previously, $BTC price had gained over 60%, with the reelection of Donald Trump as the US president playing a key role.

In October 2023, the golden cross was followed by a 45% BTC price rally, helped by Bitcoin ETF euphoria. September 2021 saw 50% gains in BTC price after painting a similar SMA crossover.