Analysis: Market Structure Differs from the 2022 Cycle, Bitcoin May Be Approaching a Golden Cross

Odaily Planet Daily News: James Van Straten stated on the X platform that Bitcoin typically experiences upward momentum several weeks before the formation of a golden cross. Currently, both Bitcoin's 50-day moving average and 200-day moving average have turned upward, and the market is approaching a golden cross pattern. In 2022, Bitcoin's price never broke above the 200-day moving average, whereas the current market is forming a new structure. He noted: "This appears to be a new market phase."

A golden cross generally refers to the 50-day moving average crossing above the 200-day moving average, serving as a technical signal for a strengthening medium-to-long-term trend. This indicator is lagging in nature and is primarily used to confirm trend changes rather than predict short-term price movements. Data shows that Bitcoin has historically experienced price increases multiple times before the 50-day moving average crossed above the 200-day moving average. Currently, Bitcoin's price has regained the area near the 200-day moving average, marking a significant difference from the 2022 market cycle.