Bitcoin is approaching a “Golden Cross”

🚀 Bitcoin is approaching a “Golden Cross”
(the 50-day moving average is about to cross above the 200-day)

What does that mean, and what might come next?

📍 What’s happening right now

BTC is squeezed in a $101 K – $107 K range.
The 50-day SMA is racing toward the 200-day SMA; the bullish crossover (the “Golden Cross”) is expected within the week.
On Deribit, more than 60 % of the 30 May option series are $110 K call options.
When traders buy these calls, market-makers hedge by buying spot BTC. The nearer the price gets to $110 K, the more spot BTC they have to buy.

📈 How the market behaved before

The 10-day chart shows the 50-day (blue) and 200-day (orange) SMAs.
In the last three cycles, a bullish Golden Cross appeared 50–90 days after a bearish “Death Cross.” Each time, the cross formed inside a buyer zone (marked with blue rectangles).
In the 2nd and 3rd cycles, price never came back to retest that buyer zone.
Right now, the buyer zone is already in place, the Golden Cross is only about $300 away, and 50 days have passed since the last Death Cross. Some traders seem to be buying early, betting on a break to a new all-time high (ATH).

Wishing you profitable trades!

AlexeyWolf

Wishing you profitable trades!

Clarity on the Chart. Smart Trading Decisions.

No signals. Just clean structure and context t.me/user_friendly_trading

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by AlexeyWolf

Disclaimer

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AlexeyWolf

Wishing you profitable trades!

Clarity on the Chart. Smart Trading Decisions.

No signals. Just clean structure and context t.me/user_friendly_trading