A rare technical model which preceded a gathering of 69% in Bitcoin (BTC) last year has just returned – and traders should take note.
The so-called golden cross, where the 23-day mobile average crosses the 200-day mobile average, is about to be officially printed on the daily Bitcoin graphic. The last time it happened was October 2024. What followed was a push from less than $ 65,000 to more than $ 108,000 in a few months.
Now it's back.
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According to the latest observation, the 23 -day BTC price curve strives to cross 200 days from below, triggering what many consider as a manual bull rally signal.
It should be noted, however, that, historically, the golden crosses do not always guarantee an immediate advantage – but when they coincide with a macro dynamic and a graphic for rupture, the results can be explosive.
This time, timing could not be more intriguing. Bitcoin is already negotiating above $ 96,000 and plans the resistance level of $ 108,563 – the same local high that he did not succeed in March. With this game model, the bulls can now have the technical back wind which they were waiting for.
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The last time BTC printed this exact cross, the market consolidated in the same way near the resistance of the keys before exploding a renewed volume and institutional entries. Add to the today's market environment – where ETFs flow and the strategy buys billions each week – and this technical model suddenly resembles more than just coincidence.
But inductive traders are wary: false eruptions and “hairstyles” have already occurred. The next few days will be essential to confirm whether the story is really repeated.
