Bitcoin’s Fifth Golden Cross Signifies Bullish Momentum
- Bitcoin BTC -0.44% ’s fifth Golden Cross suggests a bullish market trend.
- Institutional investments rise with $2.12B ETF inflows.
- Market anticipates Bitcoin hold above $120,000 in 2025.
Bitcoin experienced its fifth Golden Cross on August 26, 2024, when its 50-day SMA crossed above the 200-day SMA, suggesting bullish trends as prices neared $120,000.
The Golden Cross supports institutional interest and bullish momentum for Bitcoin, evidenced by rising prices and increased market activity despite limited regulatory and official commentary.
Bitcoin’s Fifth Golden Cross and Bullish Momentum
The fifth Golden Cross for Bitcoin occurred on August 26, 2024, marking a positive signal. This historical event, where the 50-day moving average crosses above the 200-day average, often indicates bullish momentum. Bitcoin had previously surged to $120,000. According to an Anonymous Expert, Market Analyst, “The 2024 Golden Cross showed strong bullish momentum, and with the upcoming Bitcoin halving, there’s significant anticipation for price appreciation.”
Bitcoin’s recent bullish signal attracted attention from traders and analysts. Michael Saylor’s strategy of accumulating over 100,000 BTC highlighted institutional confidence. Although Saylor did not comment specifically on the Golden Cross, his statement on Bitcoin clearly aligns with broader market optimism OP -4.31% .
Institutional Investments and Market Trends
Institutional interest grew with $2.12 billion in ETF inflows, indicating accelerating adoption. Bitcoin demand outpaced supply sixfold, with 690,000 BTC being absorbed against 109,000 mined by August, reflecting heightened market activity.
Bitcoin’s value soared, trading near $120,000 by late 2025 following a 90% surge post-Golden Cross. The on-chain metrics revealed minimal profit-taking and substantial BTC held in non-exchange wallets, maintaining price stability.
Historical Data and Regulatory Developments
Historical data shows Bitcoin’s Golden Cross events typically result in a notable price increase. The 73% success rate suggests favorable trends. Anticipation around the 2025 Bitcoin halving further strengthens confidence in price appreciation. “Now it’s flashing again in 2025. Same setup. Same signal. Miss this and you’ll remember it forever.” See more here.
The U.S. and EU regulatory developments, including the GENIUS Act and MiCAR framework, have shown progress in digital asset regulation. Institutional involvement is widely expected to grow, shaping future market dynamics and Bitcoin’s role in portfolios.
