Bitcoin Golden Cross Could Signal Bull Run Continuation – Analyst

Source Bitcoinist

Bitcoin is trading below key resistance levels as bulls continue to struggle to ignite a recovery rally. Since peaking in January, BTC has been trapped in a persistent downtrend, losing over 29% from its all-time high. This sustained weakness has sparked growing concerns among investors and analysts, with some warning that a bear market may be underway.

Despite the cautious sentiment, there is still hope among market watchers who believe Bitcoin is undergoing a healthy correction within a broader bull cycle. They argue that the recent dip could present a long-term buying opportunity, especially if key support levels hold and bullish signals emerge in the coming days.

One such signal may come from the MVRV momentum indicator and the 180-day simple moving average (SMA). According to data from Glassnode, the two metrics are approaching a potential golden cross—an event historically associated with major upward moves in Bitcoin’s price. If this crossover is confirmed, it could mark a shift in market momentum and signal that BTC is preparing for another leg up in its current cycle.

Bitcoin Inches Higher As Analysts Watch For Bullish Signal

Bitcoin is trading above crucial demand levels after a sharp recovery from Tuesday’s $81,000 low. The world’s largest cryptocurrency has bounced over 7% since then, providing a glimmer of hope for bulls after weeks of relentless selling pressure and macro-driven uncertainty. Since its all-time high near $109,000 in January, Bitcoin has lost more than 29% of its value, triggering debates among analysts about whether the market is still in a bull cycle or at the start of a new bearish phase.

Despite the doubts, key technical indicators may suggest a shift in sentiment. According to top analyst Ali Martinez, the MVRV momentum indicator and the 180-day simple moving average (SMA) are approaching a golden cross—a historically bullish signal that often precedes strong upward trends. This crossover, if confirmed, would mark a potential inflection point and reinforce the idea that the recent correction may be part of a broader bull run rather than a complete trend reversal.

Bitcoin MVRV Momentum | Source: Ali Martinez on X

Still, Bitcoin has work to do. Bulls must hold current levels and push above the $88K–$90K zone to confirm a recovery and retest the previous highs. For now, traders are cautiously optimistic, watching on-chain metrics and technical indicators closely for the next big move.

BTC Price Struggles Below Key Averages Amid Uncertainty

Bitcoin is currently trading at $83,900, continuing to hover below critical resistance as bulls attempt to reclaim momentum. The price has been trapped below the 200-day simple moving average (SMA) and the 200-day exponential moving average (EMA), which now act as key technical barriers near the $85,500–$86,000 range. Reclaiming this level is essential for confirming a recovery rally, especially after Bitcoin’s extended downtrend since late January.

BTC struggling below $85K | Source: BTCUSDT chart on TradingView

Despite a 7% bounce from the recent low at $81,000, the market remains cautious. A decisive move above $86,000 would give bulls the strength needed to retest higher levels toward $90K and break the current bearish structure. However, without a strong push above this threshold, Bitcoin risks losing its short-term momentum and slipping back toward lower demand zones.

If the $86K mark continues to reject price action, a move below $81K could follow, potentially triggering more selling pressure and panic among retail investors. The coming days will be critical, as bulls must show strength and defend current levels to avoid further downside. Market participants are closely monitoring both technical indicators and macroeconomic developments for clues on Bitcoin’s next direction.

Featured image from Dall-E, chart from TradingView 

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Swiss exports crash 36% in the first month of Trump tariffsSwiss exports dropped by 36% in the first month after Trump imposed tariffs.
Author  Cryptopolitan
10 hours ago
Swiss exports dropped by 36% in the first month after Trump imposed tariffs.
placeholder
EUR/JPY appreciates above 163.00 with the Yen retreating across the boardThe Euro is trading higher for the second consecutive day, still fuelled by the delay of Trump’s deadline to avoid 50% tariffs in the US, while the Yen declines alongside super long-term Japanese yields.
Author  FXStreet
10 hours ago
The Euro is trading higher for the second consecutive day, still fuelled by the delay of Trump’s deadline to avoid 50% tariffs in the US, while the Yen declines alongside super long-term Japanese yields.
placeholder
Gold extends correction amidst trade optimism, stronger US DollarGold (XAU/USD) price extends correction, sliding below the $3,300 mark at the time of writing on Tuesday amid improving risk-on mood and a stronger US Dollar (USD). 
Author  FXStreet
10 hours ago
Gold (XAU/USD) price extends correction, sliding below the $3,300 mark at the time of writing on Tuesday amid improving risk-on mood and a stronger US Dollar (USD). 
placeholder
Bitcoin (BTC) To Continue Price Discovery Rally If It Holds These Levels – AnalystAs Bitcoin (BTC) attempts to turn the $110,000 resistance into support, some analysts believe its price discovery rally has just started, forecasting new highs for the flagship crypto.
Author  NewsBTC
10 hours ago
As Bitcoin (BTC) attempts to turn the $110,000 resistance into support, some analysts believe its price discovery rally has just started, forecasting new highs for the flagship crypto.
placeholder
Forex Today: US Dollar rebounds after long weekend, focus shifts to mid-tier US dataThe US Dollar (USD) benefits from the improving risk mood early Tuesday, while trading conditions normalize following a three-day weekend in the US.
Author  FXStreet
12 hours ago
The US Dollar (USD) benefits from the improving risk mood early Tuesday, while trading conditions normalize following a three-day weekend in the US.
goTop
quote