Oh my, oh me! Bitcoin‘s been having a bash, reaching new all-time highs and then just chillin’ below $120,000, like it’s waiting for something to happen 🤔. Well, guess what? Market analysts have spotted a sneaky signal that suggests this cryptocurrency could be in for another wild ride 🎢!
This signal is called the “golden cross” – not because it’s made of gold, but because it’s a fancy term for when the 50-day simple moving average (SMA) does a little dance with the 200-day equivalent 💃. And when it does, big things can happen! (Or not. But that’s not as exciting, is it?)
The Golden Cross is Back, Baby! 🎉
Crypto trader Merlijn is all like, “Hey, the golden cross is back!” and we’re all like, “Ooh, what’s gonna happen now?” 🤔 Well, apparently, when it showed up in 2016, bitcoin went up 139%. In 2017, it was a whopping 2,200%! And in 2020, it was another 1,190%. That’s like finding a giant chocolate cake in your fridge and being all, “I’m on a diet… NOT!” 🍰
“Now it’s flashing again in 2025. Same setup. Same signal. Miss this and you’ll remember it forever. Bitcoin is about to leave orbit,” Merlijn exclaimed, waving his arms wildly 🚀.
But, alas, not all golden crosses are created equal. Sometimes they’re like a flash in the pan – all excitement and no follow-through 🙅♂️. Like in September 2021, when it only went up 50%. Or October 2023, when it was a mere 45%. So, it’s not a guarantee, but it’s like seeing a shooting star – you make a wish, and maybe, just maybe, it’ll come true 🤞.
Bitcoin’s Fundamentals are Feeling Fine 🤩
Of course, there are times when the golden cross appears, and… well, not so much 🚫. Like that one time in February 2020 when COVID-19 came along and ruined everyone’s party 🎉😷. But currently, analysts are all, “Hey, bitcoin’s fundamentals are looking good!” which means it’s like having a healthy appetite for more – in this case, more money 💸.
Rekt Capital, a market analyst, says, “Hey, bitcoin needs to close above $120,000 and do a little retest dance to reach new highs 💃”. And right now, it’s just chillin’, consolidating, and letting the altcoins have their fun 🤪.
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2025-07-20 12:50