Bitcoin recently displayed a mini gold cross between the 50-day and 100-day index moving average (EMA). This is a positive technical signal. This crossover is a powerful momentum indicator, even if it is not as widely observed as the Classic 50/200 EMA Golden Cross, especially given the bullish structure of Bitcoin today.
A clear move above 100 EMA (orange) by 50 EMA refers to a confirmation of inversion of short-term to midterm trends. The crossover is strengthening integration near local highs after Bitcoin continues to go above $110,000 and successfully violates critical resistance levels.
Strong follow-throughs, massive breakouts, and regular closures above previous levels of resistance make the price structure seem stable. Unless the market grows too quickly, the RSI, which is in the 70-74 range and is expanding but not yet overheated, supports the concept of sustained momentum. The fire, already caught up in the story of the accumulation of institutions and the macroeconomic tailwinds, is fueled by this golden cross.
The market recognizes EMA crossovers as trust checkpoints, especially in unstable regions, such as after the discovery of AT, where each crossover acts as a ladder rung. The next important obstacle is the psychological round number of $120,000. If Bitcoin clears it with a substantial volume, it becomes possible to imagine a rise to $130,000, especially if retail enthusiasm returns and the derivatives market does not overheat with excessive leverage.
Given the obvious break above the $102,000 mark, which was once a very strong resistance, the rally could continue to grow if the external environment continues to be preferred. However, traders need to be careful. Such sudden movements often result in short-term corrections.
Unless the market breaks down with large sales volumes that undermine bullish papers, the decline to $102,000 will likely be a test of recently discovered support, not a structural obstacle.
