#bitcoin Bitcoin is indicating a golden cross: What does it mean for the price of BTC?

Bitcoin is showing a golden cross, a bullish signal that has typically triggered significant increases. Bitcoin

BTC

93,114 €

is likely to confirm a "golden cross" on its daily chart by the end of May, a technical pattern whose occurrences in recent years have often preceded rallies. Previous golden crosses led to BTC price increases of 45-60%.

On May 20, Bitcoin's 50-day simple moving average (50-day SMA; the red wave) pointed towards a close above its 200-day SMA (the blue wave) for the first time since October 2024, forming a golden cross.