Bitcoin’s Shiny Golden Cross: Will it Make You Rich or Just Chuckle? 💰😂

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Well, folks, it seems Bitcoin’s latest golden cross on the daily chart has already begun delivering some upside, almost like a magician pulling a rabbit out of a hat, but with more zeros at the end!
Historically speaking, those shiny daily chart golden crosses tend to kick-start price hikes so tall they might require a ladder—a full 2,000% or more, to be precise!
There’s a consensus among the wise that Bitcoin is gearing up to break free and rise like bread dough after too much yeast, especially after it’s been loafing below the $120,000 mark.

So, grab your pocketbooks; Bitcoin (BTC) could be on the come-up train to $155,000 shortly, as a classic bull signal throws its hat into the ring.

As our friend Merlijn cheerfully pointed out on X this fine Thursday, BTC/USD has gone and pulled off a brand new “golden cross” on the daily chart, sprouting like dandelions in a spring breeze!

Bitcoin Golden Cross – The Bull’s Best Friend

Now, for those unacquainted with the nomenclature, Bitcoin golden crosses are the result of the 50-day simple moving average (SMA) crossing above its staid 200-day relative. It’s kind of like watching two tortoises race—one moves slowly but surely, and the other sprints like it’s being chased by a dog!

But don’t get too comfy; sometimes, the 50-day SMA can be as fickle as a cat with a laser pointer and may not stick around above the 200-day SMA for long. Yet, regardless of their commitment issues, these golden crosses do tend to cause a ruckus in BTC price action.

“Every. Single. Time. This signal shows up, $BTC goes vertical,” Merlijn claimed, volleying a chart akin to a historical family portrait complete with dramatic facial hair and wild price movements.

These events usually roll out like a red carpet leading to bull-market extravaganzas, with 2017 and 2020 showcasing mythical price surges topping, yes indeed, 2,000% thanks to those long-lasting golden crosses.

The most recent golden cross graced our presence back in October 2024, with BTC/USD sitting neatly at around $65,000. In the three months afterward, the prices danced to a new tune, reaching nearly $110,000—a veritable fiesta of riches!

“Same setup. Same signal,” Merlijn couldn’t resist echoing about this latest cross, which confirmed on a lovely May day back in 2023.

So far, though, the maximum gains for Bitcoin have been a relatively cozy 12%. If we go back and borrow a page from the flash-in-the-pan cross of 2016, the target aligns with a hefty $155,000. Talk about shooting for the stars!

As the good folks at CryptoMoon reported, Bitcoin celebrated its first weekly golden cross event at the dawn of 2024—an occurrence that perfectly timed itself with the lively start of this bull market’s upward spree.

BTC Price Breakout: All Aboard the $120,000 Express!

Currently, while Bitcoin is enjoying a little rendezvous below the $120,000 range, it’s leaving the market participants with all sorts of reasons to believe there’s more price discovery just waiting to be unearthed, like treasure in a pirate’s chest!

There’s growing chatter about targets favoring a stop at $135,000 for BTC/USD as it bids adieu to macro worries and begins exploring its own path like a wanderer setting off into the sunset.

“A daily close above the ~$120k Range High resistance, followed by a post-breakout retest, could lead Bitcoin folks to new heights,” Rekt Capital jovially told his followers on X Friday. Meanwhile, Rekt Capital has noticed that all this consolidation is sending capital drifting off into altcoins—a true case of market lovebirds.

2025-07-18 12:38

Bitcoin Golden Cross – The Bull’s Best Friend

BTC Price Breakout: All Aboard the $120,000 Express!

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