CoinDesk analyst James Van Straten said Bitcoin often rallies in the weeks before a so-called golden cross forms, pointing to a setup now taking shape in the market. According to his note, both Bitcoin’s 50-day moving average and 200-day moving average have turned upward, bringing the market closer to the technical pattern in which the shorter-term average crosses above the longer-term one. That signal is widely followed as a sign of strengthening medium- to long-term trend conditions.
Van Straten contrasted the current setup with 2022, when Bitcoin’s price never broke above its 200-day moving average. This time, BTC has moved back above the area near that long-term trend line, which he said reflects a different market structure. He wrote, 「This appears to be a new market phase.」
The report also noted that a golden cross is a lagging indicator. It is generally used to confirm a trend shift rather than predict short-term price action. Data from Glassnode shows that Bitcoin has, on multiple occasions in the past, risen before the 50-day moving average crossed above the 200-day moving average.
Bitcoin is approaching a golden cross, with both its 50-day moving average and 200-day moving average now sloping upward, according to a note by CoinDesk analyst James Van Straten published on Aug. 23.
Van Straten wrote that Bitcoin has often posted gains in the weeks leading up to a golden cross. In market terms, the pattern refers to the 50-day moving average crossing above the 200-day moving average, a signal many traders track for signs of strengthening medium- to long-term trend conditions.
He compared the current setup with the 2022 cycle, when Bitcoin’s price never broke above the 200-day moving average. By contrast, BTC has now reclaimed the area near that long-term average. Van Straten said, 「This appears to be a new market phase.」
The report added that the golden cross is a lagging indicator, meaning it is mainly used to confirm a trend change rather than forecast short-term price moves. Glassnode data shows that Bitcoin has repeatedly risen before the 50-day moving average moved above the 200-day moving average in past cycles.
With BTC back above the area near its 200-day moving average, the present structure stands in clear contrast to the market pattern seen in 2022.
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