Bitcoin (BTC) is on the verge of a major bullish technical formation—the Golden Cross—which could signal the start of a powerful upward trend. Currently trading around 94,900, BTC is consolidating just below key resistance levels, but momentum remains strong. Analysts predict the Golden Cross, where the 50-day EMA crosses above the 100-day EMA, could confirm within the next 24 to 48 hours, potentially igniting a fresh rally toward 100,000.
What Is a Golden Cross & Why Does It Matter?
A Golden Cross is one of the most reliable bullish technical indicators in trading, often marking the beginning of a sustained uptrend. For Bitcoin, this occurs when:
- 50-day Exponential Moving Average (EMA) crosses above the 100-day EMA
- Confirms strong buying momentum and institutional interest
- Historically precedes major BTC price surges
Currently, the 50-day EMA (88,395) is nearly aligned with the 100-day EMA (88,837), and Bitcoin’s steady price action suggests an imminent cross.
Key Levels to Watch for Bitcoin (BTC)
- Support: $90,000 (critical hold level)
- Resistance: $95,000 (immediate hurdle), then $98,000 – $100,000 (next psychological targets)
- RSI at 67 – Still room for upward movement before overbought conditions
A successful Golden Cross could attract swing traders and institutional investors, fueling a breakout toward 100,000. However, a drop below 88,000 could delay or weaken the signal.
Will Bitcoin Hit $100,000 After the Golden Cross?
If BTC maintains strength above $95,000 post-cross, the path to six figures becomes highly probable. Previous Golden Cross events in Bitcoin have led to:
- Extended bull runs
- Increased buying pressure from algorithmic traders
- Breakouts to new all-time highs
With steady volume and bullish sentiment, Bitcoin could be gearing up for its next major leg up.
Final Thoughts: Is Bitcoin Preparing for a New Rally?
The upcoming Golden Cross is a critical technical event that could confirm Bitcoin’s next bullish phase. If BTC holds above 90,000, traders may soon see a push toward 100,000 in the coming weeks.
Will the Golden Cross trigger the next Bitcoin bull run? Stay tuned as the market reacts to this pivotal signal.
