This indicator is known as the BTC golden cross. It forms when the 50-day simple moving average (SMA) intersects with the 200-day equivalent. While the golden cross often signals major price hikes, this isn’t always the case.

Merlijn, a renowned crypto trader, recently noted the reappearance of the bitcoin golden cross, indicating a potential parabolic surge for BTC in the ensuing months. The trader reminded that when the cross emerged in 2016, BTC soared by 139%, and in 2017, it skyrocketed by 2,200%. Bitcoin also experienced a 1,190% increase following the appearance of the golden cross in 2020.

Merlijn commented, “Now it’s reappearing in 2025 with a similar setup. Ignore this and you’ll regret it. Bitcoin is on the verge of skyrocketing.”

It’s important to note, however, that not every golden cross results in significant rallies. In September 2021, the golden cross appeared but only led to a 50% BTC rise. Another similar occurrence in October 2023 prompted a 45% hike in bitcoin’s value. These modest surges are often attributed to the 50-day SMA not maintaining a position above the 200-day equivalent for a prolonged duration.

Despite the potential for substantial gains, golden crosses don’t always guarantee a price surge. There have been instances when price crashes followed the cross due to adverse macroeconomic conditions. For example, the COVID-19 pandemic in February 2020 led to a 62% decline in bitcoin’s price after the golden cross emerged.

This illustrates why it’s crucial to consider broader technical and macroeconomic factors while interpreting the golden cross. Presently, analysts are optimistic that robust bitcoin fundamentals will foster a sustainable bullish trend. With supply dwindling and demand increasing, the likelihood of bears dominating the market in the upcoming weeks seems minimal.

However, according to market analyst Rekt Capital, BTC needs to secure a daily closing above $120,000 and a successful post-breakout retest to reach new peaks. Currently, the cryptocurrency is in a consolidation phase, allowing liquidity to flow into altcoins.

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Bitcoin has outshone U.S. equities like the S&P 500, maintaining its price above pre-election levels even during broad-scale risk-off incidences, such as the latest tariff announcements.

Bitfinix reports that Bitcoin is increasingly behaving like a traditional financial asset, trading based on global liquidity trends, particularly in light of US economic developments and monetary policies. In recent times, inflation metrics and rate policies from the Federal Reserve have had a significant impact on Bitcoin’s price movements.

Over the past four days, announcements from President Trump have injected increased uncertainty into global markets, resulting in a dip in Bitcoin’s price. The cryptocurrency fell below $100,000, hitting an intraday low of $91,657 on Monday.

In response to the tariff news, Bitcoin also experienced a decline. However, the sell-off was more severe due to Bitcoin’s nature as a tail-risk asset, which tends to see steeper declines when market sentiment weakens, even if the correlation with SPXBTC remains strong, according to Bitfinex.

Although Bitcoin has shown a downward trend since President Trump’s inauguration, its long-term outlook remains positive. Bitfinex analysts believe the current 15-20% trading ranges will resolve in either an upward or downward direction within 80-90 days, indicating a decisive price move in the coming weeks. This will continue to be influenced by macroeconomic factors.

As the financial markets digest the effects of the tariff increases, Bitfinex anticipates further downside for Bitcoin unless traditional assets bounce back. However, even if legacy markets fail to recover significantly, analysts express confidence in Bitcoin’s long-term trajectory, describing it as compelling.

In sum, while Bitcoin’s short-term volatility may persist in response to macroeconomic conditions, its long-term outlook continues to be positive, as stated by Bitfinex analysts.

The post Bitcoin’s Resilience Amidst Turbulent US Markets and Global Developments: Analysis appeared first on Crypto Market Insights: Dive In with CryptoUpdate.io.

Vladimir Putin, the Russian President mentioned that during the news conference he said that it is all set to work ahead with West de-escalate tensions upon Ukraine. However, Russia even decided to pull back partially the troops from various military districts that are bordering Ukraine.

Impact on Altcoins and Cryptocurrency

With the rise in Equities & cryptocurrencies, while the most traditional as well as safe havens like gold and U.S. dollar has also declined over last 24 hours.

On the other hand, the Altcoins which are also known as the alternative cryptocurrencies led the rally. This clearly indicate the renewed appetite for the risk among various crypto traders. On the other hand, ETH was also up for 8% for last 24 hours, as compared to the 4% increase in the BTC over similar set of period.

Yet, the trading volume in bitcoin spot market stays to be quite weak comparative to the previous price jumps. This can also point to restricted gains almost $46,000-$50,000 BTC as per the technical indicators.

Recently, traders also look quite indecisive. As, it is shown by market sentiment that are hovering between the greed and fear. Bitcoin which is also ranging between support level of $42,000 and resistance level of $46,000. In case there is any break in bitcoin or Altcoins breaks out from this range. We may also see enhanced market activity.

Bullish sentiment

The Fear and Greed Index of Bitcoin and altcoin took a dip back in the territory of “fear” as traders. They have also reacted to the macroeconomic along with the uncertainty in geopolitical way.

The post Outperformance of Altcoins with fading of Geopolitical Concerns! appeared first on Crypto Market Insights: Dive In with CryptoUpdate.io.

Subsequent to hitting mark of $45,000, Bitcoin has observed sharp selling pressure as well as is also heading towards the most crucial and important support levels, technical charts recommend. Breaking such kind of the levels, crypto behemoth is possible to fall down to the level of $35,000 levels, said the experts.

The Investors brace for gyrations in numero uno crypto asset, being the global worries that are threaten to splash risk appetite all across markets. However, volatility is also traditionally associate with the concept of cryptocurrencies and bitcoin. It has been on complete display in last few weeks.

Correlation of Equity market and Bitcoin

The correlation between equity markets along with crypto market is also weighing down on ecosystem of cryptocurrency. For Bitcoin, almost $41,200 is definitely the crucial support level. If it gets brake, we may also see bitcoin moving below level of $40,000 mark in coming days.

The cryptocurrency also has increased almost 30 per cent in the week to hit almost to level of $45,300. This can also not sustain any such highs. Complete thanks to the selling pressure along with the profit booking in weekend.

As per the Market experts, macroeconomic factors at the global level consist of geopolitical tensions. It is between Russia and Ukraine. It is increasing the bond yield, the hawkish commentary of US Fed’s and equity has also meltdown. These are now even weighing down the sentiments of cryptomarket.

The level of bitcoin and cryptocurrency has increased with almost 30 per cent in just one week to achieve that specific level.

The post Bitcoin mystery: Will the leave be soar to $100,000 or it will slump to $35,000? appeared first on Crypto Market Insights: Dive In with CryptoUpdate.io.