Bitcoin Nears Golden Cross Confirmation Amid Bullish Technical Signal
Apr 29, 2025, 10:54 a.m.
2 sources
positive
Bitcoin appears to be on the verge of triggering a golden cross—a major bullish technical indicator—after a dramatic breakout above $90,000. The coin, now trading around $94,900, is consolidating as its 50-day EMA nears alignment with the 100-day EMA, signaling that a golden cross could materialize in the next two to three trading sessions if key support levels hold. This technical pattern is keenly watched by both swing traders and institutions, as it often precedes a renewed wave of buying and increased market confidence. Analysts note that maintaining prices above $90,000 is critical, with potential resistance emerging around $98,000 to $100,000. A successful golden cross could pave the way for further upward momentum, possibly even propelling Bitcoin into six-figure territory in the near term.
Bitcoin’s nearing golden cross is interpreted as a strong bullish signal. The convergence of the 50-day and 100-day EMAs, along with sustained trading above $90,000, reinforces the likelihood of renewed upward momentum. In the short term, if BTC maintains its current levels and buyers step in at key resistance, a price surge is plausible. In the long term, a successful golden cross could boost both institutional and retail confidence, driving the coin toward higher resistance levels and potentially into six-figure territory, assuming trading volume and market sentiment remain robust.
Ethereum is mentioned in related stories with a note that a bull run might not be imminent. Without a detailed technical or fundamental trigger in this report, ETH’s price is expected to be less directly impacted by Bitcoin’s golden cross. However, if overall market sentiment strengthens following BTC's bullish signal, ETH might benefit indirectly, but any immediate effect is likely to be subdued.
Dogecoin is briefly highlighted with a target around $0.20. Given the limited context, DOGE’s price reaction is expected to be speculative and secondary to the broader market trend driven by Bitcoin’s technical signal. If the bullish momentum in the crypto market carries over, DOGE might see a modest uplift in the short term, though its trajectory will largely depend on investor sentiment and speculative trading.
Sources
Bitcoin (BTC) Golden Cross to Happen in Next Few Weeks, Ethereum (ETH): Bull Run Not Happening? Dogecoin (DOGE) Aims at $0.20, But There's a Catch
u.today
29.04.2025 00:01
Bitcoin Golden Cross Alert: Massive Bullish Potential Ahead
bitcoinworld.co.in
29.04.2025 07:10
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