Bitcoin climbed close to $106,000 today and even hit $107,000 briefly before pulling back. While stocks and gold struggled, Bitcoin showed strength. Ethereum led the charge in altcoins, up 5%, while Solana, XRP, BNB, and Dogecoin climbed 2-4%.
Golden Cross Signals Rally, But Is Death Cross Here?
Experts have observed that Bitcoin is about to form a “golden cross”, a classic bullish indicator that could kick off a strong rally in the next few days. The last two times it happened, Bitcoin surged 121% and 68%. All eyes are now on Bitcoin if it could reach $110K soon ,and altcoins might perform even better.
However, Analyst Benjamin Cowen has analyzed a different pattern. He noticed that every time Bitcoin goes through a “death cross”, that is when the 50-day moving average drops below the 200-day, it often hits a local low right around then.
This happened in Q3 of both 2023 and 2024, and again in Q2 this year (2025). Now, he warns that if Q3 is weak again this year, Bitcoin could dip one more time and more downside might be coming.
Is Bitcoin Losing Strength?
Analyst Ali Martinez also pointed out that Bitcoin might be losing strength after facing strong resistance. Momentum indicators like the RSI and MACD are showing signs of weakness, which shows the momentum is fading even as the price rises.
On the flip side, Bitcoin ETFs in the U.S. saw a massive $667 million inflow on May 19, the biggest in over two weeks, which shows strong institutional interest is back. Data from Farside Investors shows that the spot BTC ETFs have recorded inflows in 18 out of 21 days, bringing in $6.9 billion in capital in just three weeks.
Markets Look Balanced
According to a latest analysis by Cryptoquant, Bitcoin’s latest rebound looks healthier than past rallies. In earlier bull runs, when Bitcoin hit new highs, it quickly overheated, then crashed soon after. But this time, Bitcoin is bouncing back with no warning signs, the buying activity and market conditions look balanced. So Bitcoin could keep going up without dropping.
This shows that the market is building strength steadily and not just rushing through hype and Bitcoin could break its all-time high again more sustainably this time.
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FAQs
A “golden cross” occurs when Bitcoin’s short-term moving average (e.g., 50-day) crosses above its long-term moving average (e.g., 200-day), signaling a potential strong bullish rally.
A “death cross” is when Bitcoin’s 50-day moving average drops below its 200-day moving average, often signaling a local low or further potential downside.
Cryptoquant analysis suggests Bitcoin’s current rebound is healthier and more balanced than past overheated rallies, indicating sustainable growth without immediate crash warnings.
