{"id":48820,"date":"2026-11-12T11:50:55","date_gmt":"2026-11-12T11:50:55","guid":{"rendered":"https:\/\/financialrush.com\/?p=48820"},"modified":"2026-11-12T11:50:55","modified_gmt":"2026-11-12T11:50:55","slug":"bitcoin-about-to-print-a-golden-cross-what-does-it-mean-for-btcs-price","status":"publish","type":"post","link":"https:\/\/financialrush.com\/?p=48820","title":{"rendered":"Bitcoin About to Print a Golden Cross: What Does it Mean for BTC\u2019s Price?"},"content":{"rendered":"

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Higher-than-expected inflation in the United States, a political shift in America, waning interest in risk assets, and other factors have weighed heavily on the number one cryptocurrency, which has tumbled 12% over the past month and now trades near $73,400 (per CoinGecko).<\/p>\n

And while some market observers anticipate a further plunge in the short term, others expect BTC to stage an impressive comeback.<\/p>\n

Golden Cross Incoming?<\/h2>\n

Among the optimists is X user Merlijn The Trader, who recently noted<\/a> that the cryptocurrency is about to print a so-called golden cross on the three-day chart. This development occurs when BTC’s shorter-term trend overtakes its longer-term trend, signaling that momentum is shifting back toward the bulls. Historically, the formation has preceded strong rallies for the asset.<\/p>\n

Merlijn The Trader said the previous crossover was actually a death cross, which appeared in December last year and was followed by a major crash to $60,000 a few months later.<\/p>\n

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“Now the lines are turning. Finally, some bullish momentum after the dump. I\u2019m already positioned. Most will buy after the move,” he added.<\/p>\n<\/blockquote>\n

Other analysts who weighed in include Friedrich and CRYPTO XLARGE. The former<\/a> said BTC needs “a clean close” above $75,600 to confirm a bullish deviation, and if that happens, the price could quickly explode toward $103,000.<\/p>\n

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“Otherwise, get ready to bid 60-65K or lower,” he warned.<\/p>\n<\/blockquote>\n

The latter outlined<\/a> that the biggest opportunities in BTC’s history rarely felt like blessings at the time, yet every big correction eventually became part of the next bull market.<\/p>\n

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“Today, we\u2019re facing another period of uncertainty. The question is not whether Bitcoin will experience volatility. It\u2019s whether you\u2019re looking at the current correction with fear or a long-term perspective. The best entry points are often the ones that feel the hardest to take,” the analyst stated.<\/p>\n<\/blockquote>\n

Whales and More<\/h2>\n

Contrary to the bullish outlook presented by the aforementioned analysts, recent whale activity suggests BTC could suffer even more in the near future. As CryptoPotato<\/em> reported<\/a>, large investors offloaded more than 34,000 units in a week. The stash is worth roughly $2.6 billion and signals waning conviction among these market participants, a sentiment that could spread to smaller investors and accelerate the downturn.<\/p>\n

Another bearish element is the rising amount of coins stored on crypto exchanges. According to CryptoQuant, the figure has surged to a two-week high of around 2.863 million, suggesting some investors have shifted from self-custody to centralized platforms, increasing immediate selling pressure.<\/p>\n

<\/a>
BTC Exchange Netflow, Source: CryptoQuant<\/figcaption><\/figure>\n

 <\/p>\n

The post Bitcoin About to Print a Golden Cross: What Does it Mean for BTC’s Price?<\/a> appeared first on CryptoPotato<\/a>.<\/p>\n\n
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