Bitcoin (BTC) is the main digital currency, forming a golden cross on the hourly chart. As seen in TradingView ChartBitcoin’s nine-day moving average exceeded the 21-day moving average, creating a classic golden cross.
Bitcoin appears ready to break the integration
The formation of Golden Cross is a bullish signal that has sparked excitement among flagship cryptocurrency investors. This is after seven-day prices stagnate between $105,000 and $108,000 in the crypto market.
Due to current development, if Golden Cross is not fake, BTC could soar beyond this range. If technical indicators remain, this could trigger a bullish gathering in Bitcoin, potentially posting a new all-time high (ATH).
However, once Golden Cross returns, Bitcoin may continue to stagnate its price. Coin has found support over the last seven days above $105,000 level.
As of press time, Bitcoin was trading at $107,243.78, representing a 0.75% increase over the last 24 hours. The coin is less than 5% since turning the previous ATH of $111,970.17 set on May 22, 2025.
Interestingly, investors are actively involved in what appears to be an acquisition ahead of a possible rally. Trading volume rose 11.75% to $469.2 billion within the same time frame.
Does Market Dynamics support the new Bitcoin AS?
Golden Cross does not guarantee a price increase, but other broader market sentiments suggest that rallies may occur.
especially, Bitcoin is currently on sale 6-hour chart. This development could trigger rebounds beyond trading range over the past few days.
Additionally, funds (ETFs) traded on exchanges have registered large inflows. Capital flows into the sector could lead to the next significant price surge in BTC as institutional trust continues to increase.
for example, Black Rock’s June accumulation Bitcoin is $3.855 billion, a signal of strong institutional trust.
