Bitcoin’s Golden Cross: Will It Rocket or Fizzle? Find Out Now! 🚀🤔

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Key takeaways:

  • Bitcoin is sneaking up on a “golden cross,” which has historically been a ticket to price rallies of 45–60%. Yes, Bitcoin might be feeling a bit hopeful. Or just playing dress-up. 🕺

  • Fundamentals like the rising M2 supply and trade tensions easing make the bulls think, “Maybe we’re onto something here.” Or perhaps just dreaming. 🌝

  • But hold your horses! Overbought conditions and a bearish divergence suggest Bitcoin could still tumble below $100,000. Or simply take a nap. 💤

Bitcoin (BTC) is supposedly on the verge of confirming a “golden cross” on its daily chart by the end of May. A pattern that, in recent history, has been like a green flag for rallying fans.

Golden crosses have a knack for inspiring 45-60% Bitcoin price leaps (usually)

As of May 20, Bitcoin’s 50-day simple moving average (the red line—think of it as Bitcoin’s daily mood ring) was hovering to cross above the 200-day SMA (the blue line, probably more reliable than your doctor). This crossover hasn’t happened since October 2024 — a clear sign that crypto weather is sunny?

Previously, this crossover has been like a rocket booster, leading to over 60% gains—thanks, Trump reelections and Bitcoin ETF euphoria! The last big golden cross led to a 45% rally, which is about as impressive as your favorite sports team finally winning the championship after decades. And September 2021 saw a 50% jump after a similar crossover.

Golden crosses can, unfortunately, be as unreliable as weather forecasts

History isn’t always kind. In February 2020, Bitcoin’s golden cross appeared to promise a rally but instead resulted in a 62% crash—turns out, even technical patterns aren’t mind-readers.

This reminds us to use golden crosses as part of a larger team—don’t put all your eggs (or your life savings) in one pattern’s basket, especially with surprises lurking around every corner, like a global pandemic or a market tantrum.

Right now, the upcoming golden cross looks supported by fundamentals like increased M2 money supply and easing US-China trade tensions—basically, the universe’s way of saying “Go on, buy more Bitcoin!”

However, don’t get too carried away. Bitcoin has recently been overbought (thanks, RSI above 70), hinting it might take a breather and dip back to support levels around $92,400 to $95,000. Talk about a mini hangover after a wild party. 🎉

Adding to the suspense, a growing bearish divergence suggests that Bitcoin’s price might just decide to take a short-term nap, even as some fancy indicators whisper about a possible jump to $150,000 in the months ahead. Or it could just sit there, munching on popcorn, waiting for its next move.

This article is for your eyes only—think of it as a friendly nudge, not financial advice. Remember, nobody knows what Bitcoin will do next (except maybe the guy who dreams about it). 😎

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2025-05-20 13:39