Bitcoin ‘Golden Cross’ That Sparked 2,000% BTC Gains Is Already Here
Bitcoin Golden Cross Confirmed — Bulls Are Watching Closely
Bitcoin (BTC) is flashing one of its most bullish technical signals — the golden cross — and history suggests massive upside potential.
The golden cross, which occurs when the 50-day simple moving average (SMA) crosses above the 200-day SMA, confirmed on May 22. Since then, Bitcoin has already gained 12%, currently trading at $118,893, according to TradingView data.
Why Is This Important?
- Historically, golden crosses have preceded major BTC bull runs:
- 2017: 2,000% surge post-cross
- 2020: Over 2,000% gains during the bull market
- Even the short-lived 2016 cross produced significant upside.
As trader Merlijn noted on X:
“Every. Single. Time. This signal shows up, $BTC goes vertical.”
The last daily golden cross appeared in October 2024 when BTC was around $65,000. In the following three months, Bitcoin set a new all-time high near $110,000.
How High Could Bitcoin Go This Time?
Using historical data, analysts are eyeing $135,000 as the next key level, with some projecting $155,000 if BTC repeats previous patterns.
Popular analyst Rekt Capital explained:
“A daily close above ~$120K followed by a post-breakout retest would confirm a breakout to new highs.”
Bitcoin first-ever weekly golden cross earlier in 2024 was the catalyst for this bull cycle’s vertical rally — and now, with another golden cross confirmed, the setup looks strong.
BTC Key Levels to Watch
- Immediate Resistance: $120,000
- Short-Term Target: $135,000
- Extended Target: $155,000 (if golden cross trend holds)
Support zones remain around $112K–$115K, where buyers previously stepped in.
Golden Cross vs. Market Conditions
Historically, these signals don’t guarantee instant parabolic moves. Some golden crosses have been short-lived when macro or liquidity conditions turned bearish.
However, with:
- Spot Bitcoin ETFs driving institutional inflows,
- Altcoin season pulling liquidity into broader crypto,
- And retail FOMO returning,
...analysts believe BTC’s consolidation below $120K could be the final pause before a breakout.
Related: Crypto Market Cap Nears $4 Trillion, Just Behind Nvidia
Disclaimer: The content on this website is for informational purposes only and does not constitute financial or investment advice. We do not endorse any project or product. Readers should conduct their own research and assume full responsibility for their decisions. We are not liable for any loss or damage arising from reliance on the information provided. Crypto investments carry risks.