Bitcoin (BTC): This Is Better Than Golden Cross

By: cryptonews|2025/05/14 12:30:06
0
Share
copy
Bitcoin's 50-day exponential moving average (EMA) is about to cross above both the 100 EMA and the shorter-term 26 EMA, a technical signal that could be as reliable as, if not more so, than the traditional golden cross in terms of its implications for momentum. If market circumstances remain stable, this convergence might signal the start of a strong rally. A popular dynamic indicator of midterm trend momentum is the 50 EMA. When the 50 EMA crosses above the 100 EMA, it reflects a sustained shift in buying pressure. Even short-term traders are following the trend if it also surpasses the faster 26 EMA. This is a strong confluence that indicates confidence is rising generally. The 50, 100 and 200 EMA are all still well above Bitcoin's main moving averages on the chart, and they are starting to stack in a bullish manner. The asset is currently consolidating between $103,000 and $104,000 after recently breaking above the $100,000 major resistance level. Based on its structure, Bitcoin appears to have already formed a base and is currently halting before possibly continuing on its upward trajectory. The RSI is currently stabilizing around the 70 level, staying out of overbought territory. In the past few sessions, volume has tapered off, which is common during consolidation phases, particularly following a significant breakout. It is important to remember that Bitcoin has held steady at these levels in spite of aggressive whale activity and short-term profit-taking that aims to stifle rising momentum. Traders should closely monitor whether Bitcoin can maintain its value above $102,000 in the near future. Bulls would have a high-conviction entry point if this level were to be successfully retested and the 50 EMA crossed both the 100 and 26 EMA. This is a momentum signal supported by structure sentiment and market context, not just a traditional technical setup. If verified, this might push Bitcoin closer to its next major objective, which is to retest the all-time high of about $109,000.

-- Price

--

You may also like

Morning Report | Samsung announces a 265.5 trillion won investment plan, focusing on semiconductor and AI computing power data centers; Vitalik publishes an article detailing the entire technology tree behind the confusion protocol (iO) mainline

Overview of Important Market Events on June 29

What you bought on CEX is really not US stocks: Analyzing the 94% liquidation monopoly and the evaporation of equity under a five-layer pipeline

Peeling back its smooth trading interface to examine the underlying legal relationships and settlement processes, you will find that this is far from a simple "RWA asset revolution," but rather a complex game of interests involving spot pricing, rights ownership, and the monopoly of underlying custo...

In such a crowded cross-border payment arena, where is the next stop for the future?

Only by stepping into the mud can one have the chance to touch gold.

Why Is Bitcoin Down in 2026? What We Can Learn From 2022

Why is Bitcoin down in 2026? Bitcoin has just recorded its worst first half since 2022, with back-to-back quarterly losses, record ETF outflows, and extreme fear. Here's what history says, how 2026 differs from the last bear market, and the three signals traders should wat

The large models in the United States are moving towards closure in the name of security

The government successfully inserted itself as an approver between commercial AI models and their users for the first time.

From the white-haired stock god to the billionaire fund mogul, the smart people shorting Nvidia are all getting rich using the same framework

Give up on heavily investing in Nvidia's "nine major bottlenecks"! This article analyzes the underlying logic behind top AI investors making billions: physical infrastructure such as electricity, HBM, and optical interconnects are the true keys to wealth in AI hardware.

Contents

Popular coins

Latest Crypto News

Read more
iconiconiconiconiconiconicon
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com