Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

Zimbabwe rolls out blockchain-based carbon credit market system

2025-05-21

What Is a DEX (Decentralized Exchange)?

2025-05-21

🧊 Stay cool, stay onchain with .pengu 🐧

2025-05-21
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
Facebook X (Twitter) Instagram
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain

    Zimbabwe rolls out blockchain-based carbon credit market system

    2025-05-21

    Kalp Network Partners with Luffa to stimulate Web3 Privacy and RWA access

    2025-05-21

    Smarter athlete data via PSG Labs and Joint Innovation Studio

    2025-05-21

    Sahara AI launches Siwa Testnet to authorize decentralized AI builders

    2025-05-21

    WalletConnect’s Smart Sessions ‘Redefine’ Wallet UX for Future or AI agents: Founder

    2025-05-21
  • NFT

    Guild of Guardians leads with a huge volume of $ 796.62k

    2025-05-20

    Solana Meme Coin Ponke Set to release assembly objects, clothing via Jcorp Spinout

    2025-05-19

    The most popular collections of the moment on blockchain

    2025-05-18

    Raoul Pal sees NFT market exploding when Ethereum Bull Cycle is approaching

    2025-05-17

    Ethereum is at the top of the charts in weekly NFT sales with $ 44.7 million in sales volume

    2025-05-16
  • Metaverse

    Shib: The Metaverse – Part of the expanding Shiba Inu ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Human Digital Life

    2024-12-13

    Exploring NetVRk: What’s Behind This AI-Powered Virtual Universe?

    2024-10-28

    Council of Europe emphasizes the impact of Metaverse on privacy and democracy

    2024-09-05
  • Analysis

    Bitcoin breaks $ 109k ATH to enter the price discovery again

    2025-05-21

    XRP – Price coil for an outbreak – is the next leg on hands?

    2025-05-21

    Bitcoin Whale places 40x leverage of $ 830 million long position on hyperliquid

    2025-05-21

    JPMorgan Chase CEO warns the stock market witnessing ‘extraordinary amount of complacency’ in the midst of abrupt recovery

    2025-05-21

    Cardano (ADA) in Focus: Can it break this barrier and recover Momentum?

    2025-05-21
  • Learn

    What Is a DEX (Decentralized Exchange)?

    2025-05-21

    Blockchain Explained: What It Is, How It Works and Why We Need It

    2025-05-21

    Types of Blockchain Layers Explained: Layer 0, Layer 1, Layer 2 and Layer 3

    2025-05-16

    Token vs. Coin: Key Differences You Must Know as a Beginner

    2025-05-15

    Inside Changelly: 10 years of steadfast support and compliance

    2025-05-15
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Altcoins»Bitcoin Golden Cross Appears – Will BTC Break $65K?
Altcoins

Bitcoin Golden Cross Appears – Will BTC Break $65K?

2024-09-25No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email
  • The Bitcoin Golden Cross could represent an opportunity for a breakout to $65K.
  • However, for this cross to be realized in the long term, several conditions must align.

Bitcoin [BTC] Bulls have left bearish pressure behind after a week of solid attempts to break above $64,000, reaching a daily high of $64,825.

This level has been tested several times since BTC reached its ATH of $73K in March. In August, the bears reaffirmed their dominance, thwarting a potential breakout to $68,000.

With BTC trading at $63,687 after another failed attempt to hold support, what will it take to break the cycle?

Bitcoin Golden Cross needs long-term security

Bitcoin chartBitcoin chart

Source: TradingView

OOn the daily price chart, Bitcoin’s 50-DMA has crossed the 200-DMA, indicating a Golden Cross.

Historically, this pattern has been a reliable signal for following Bitcoin’s directional trends. When the short-term moving average crosses above the long-term average, it often indicates strong upward movement.

Interestingly, the short MA almost approached the long MA during the last week of the August cycle, indicating a possible bull rally.

However, a revival The number of short positions prevented the crossover from materializing, leading to a sharp rejection and a return to the $55,000 support.

If a similar scenario unfolds, the trend could turn into a Death Cross, which foreshadows a bearish market. What needs to change?

Rejecting BTC short control is critical

Typically, traders interpret a Golden Cross as a signal to take long positions in anticipation of future price gains.

With this in mind, AMBCrypto analyzed the speculative market to assess whether traders were positioning themselves to profit from the cross.

OIOI

Source: Coinglass

Normally, when Open Interest (OI) rises, it typically coincides with Bitcoin testing critical resistance levels.

See also  Ethereum Name Service: Why $20 is Crucial for ENS's Next Rally

Simply put, each spike has been marked by a notable increase in the number of futures traders going long, but this increase typically ends with them closing their positions, resulting in a sharp decline for BTC.

While OI mirrors these market tops, it is surprising that BTC’s price has not followed suit, possibly signaling a resurgence in short control.

As Bitcoin bulls enter their fifth day of trying to push BTC above $65,000, there has been a significant influx of long positions. arose.

However, if the short control continues, a long liquidation could trigger another downturn, potentially sending BTC back below $60,000 before a breakout attempt could occur.

THIS adjustment can make a difference

On a monthly basis, the RSI has fallen below 80%. AMBCrypto’s analysis suggested that Bitcoin may be gearing up for a near-term price correction as oversold conditions often lead to renewed buying interest.

BTC RSIBTC RSI

Source: CryptoQuant

Historically, such RSI declines have heralded upward price corrections during bullish cycles, prompting investors to grab perceived bargains.


Read Bitcoin’s [BTC] Price forecast 2024-25


While this could increase the likelihood of the Golden Cross becoming a reality soon, the market needs to reduce OI by at least 10% for long-term stability. This reduction would make Bitcoin less susceptible to short control.

Without this adjustment, BTC is unlikely to remain above $64,000 in the near term, but it is unlikely to reach $65,000 in the near term.

Next: POPCAT Reaches $1 Billion Market Cap: Is There a Rally for the Memecoin?

Source link

65K appears Bitcoin Break BTC cross Golden
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Bitcoin breaks $ 109k ATH to enter the price discovery again

2025-05-21

Top reasons why Bitcoin price today, May 21, came in new ATH

2025-05-21

Texas Bitcoin Reserve Bill knew the most important legislative obstacles, waiting for the final vote

2025-05-21

Fartcoin has increased by 10.62% for the past 24 hours

2025-05-21
Add A Comment

Comments are closed.

Top Posts

FTX founder Sam Bankman-Gefruurde transferred to the federal prison with low security in Los Angeles

2025-04-20

Chainstack makes Scroll ZKEVM support possible with seamless node implementation

2025-04-30

Free Airdrops and Zero-Fee NFT Transactions

2023-09-05
Editors Picks

LMACD -indicator reveals where the Bitcoin price is after rejection of $ 97,000

2025-05-05

What is blockchain network congestion?

2023-10-15

Peaq Network joins Synternet as exclusive data publisher

2024-05-10

Animoca Brands Unveils Sold Out Season 2 of TinyTap Publisher NFTs

2023-11-27
About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Zimbabwe rolls out blockchain-based carbon credit market system

What Is a DEX (Decentralized Exchange)?

🧊 Stay cool, stay onchain with .pengu 🐧

Get Informed

Subscribe to Updates

Get the latest news and Update from Free.cc about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
© 2025 Free.cc - All rights reserved. Contact: info@free.cc

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$108,494.311.69%
  • ethereumEthereum(ETH)$2,506.78-0.28%
  • tetherTether USDt(USDT)$1.000.01%
  • rippleXRP(XRP)$2.380.86%
  • binancecoinBNB(BNB)$673.463.53%
  • solanaSolana(SOL)$170.201.15%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • dogecoinDogecoin(DOGE)$0.2293221.17%
  • cardanoCardano(ADA)$0.761.78%
  • tronTRON(TRX)$0.266389-1.12%
  • suiSui(SUI)$3.87-0.85%
  • chainlinkChainlink(LINK)$15.800.43%
  • avalanche-2Avalanche(AVAX)$22.750.10%
  • hyperliquidHyperliquid(HYPE)$27.867.10%
  • stellarStellar(XLM)$0.2895680.51%
  • shiba-inuShiba Inu(SHIB)$0.0000150.50%
  • hedera-hashgraphHedera(HBAR)$0.1969830.97%
  • unus-sed-leoUNUS SED LEO(LEO)$8.841.28%
  • bitcoin-cashBitcoin Cash(BCH)$403.312.37%
  • the-open-networkToncoin(TON)$3.07-0.34%
  • polkadotPolkadot(DOT)$4.720.41%
  • litecoinLitecoin(LTC)$96.452.17%
  • moneroMonero(XMR)$394.5412.92%
  • bitget-tokenBitget Token(BGB)$5.220.95%
  • piPi(PI)$0.8311.14%
  • pepePepe(PEPE)$0.0000131.64%
  • daiDai(DAI)$1.000.01%
  • ethena-usdeEthena USDe(USDE)$1.000.00%
  • bittensorBittensor(TAO)$444.036.73%
  • uniswapUniswap(UNI)$6.102.26%
  • aaveAave(AAVE)$247.17-5.20%
  • nearNEAR Protocol(NEAR)$2.81-0.20%
  • aptosAptos(APT)$5.190.84%
  • okbOKB(OKB)$52.070.18%
  • ondo-financeOndo(ONDO)$0.961.29%
  • kaspaKaspa(KAS)$0.1119531.87%
  • official-trumpOFFICIAL TRUMP(TRUMP)$14.364.33%
  • ethereum-classicEthereum Classic(ETC)$18.731.39%
  • internet-computerInternet Computer(ICP)$5.28-0.11%
  • gatechain-tokenGateToken(GT)$21.650.70%
  • crypto-com-chainCronos(CRO)$0.096743-0.07%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2389212.42%
  • mantleMantle(MNT)$0.74-1.15%
  • vechainVeChain(VET)$0.0286520.43%
  • render-tokenRender(RENDER)$4.700.97%
  • ethenaEthena(ENA)$0.3951583.78%
  • usd1World Liberty Financial USD(USD1)$1.000.11%
  • arbitrumArbitrum(ARB)$0.4039752.15%
  • algorandAlgorand(ALGO)$0.2268530.87%
  • filecoinFilecoin(FIL)$2.911.57%
  • bitcoinBitcoin(BTC)$108,494.311.69%
  • ethereumEthereum(ETH)$2,506.78-0.28%
  • tetherTether USDt(USDT)$1.000.01%
  • rippleXRP(XRP)$2.380.86%
  • binancecoinBNB(BNB)$673.463.53%
  • solanaSolana(SOL)$170.201.15%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • dogecoinDogecoin(DOGE)$0.2293221.17%
  • cardanoCardano(ADA)$0.761.78%
  • tronTRON(TRX)$0.266389-1.12%
  • suiSui(SUI)$3.87-0.85%
  • chainlinkChainlink(LINK)$15.800.43%
  • avalanche-2Avalanche(AVAX)$22.750.10%
  • hyperliquidHyperliquid(HYPE)$27.867.10%
  • stellarStellar(XLM)$0.2895680.51%
  • shiba-inuShiba Inu(SHIB)$0.0000150.50%
  • hedera-hashgraphHedera(HBAR)$0.1969830.97%
  • unus-sed-leoUNUS SED LEO(LEO)$8.841.28%
  • bitcoin-cashBitcoin Cash(BCH)$403.312.37%
  • the-open-networkToncoin(TON)$3.07-0.34%
  • polkadotPolkadot(DOT)$4.720.41%
  • litecoinLitecoin(LTC)$96.452.17%
  • moneroMonero(XMR)$394.5412.92%
  • bitget-tokenBitget Token(BGB)$5.220.95%
  • piPi(PI)$0.8311.14%
  • pepePepe(PEPE)$0.0000131.64%
  • daiDai(DAI)$1.000.01%
  • ethena-usdeEthena USDe(USDE)$1.000.00%
  • bittensorBittensor(TAO)$444.036.73%
  • uniswapUniswap(UNI)$6.102.26%
  • aaveAave(AAVE)$247.17-5.20%
  • nearNEAR Protocol(NEAR)$2.81-0.20%
  • aptosAptos(APT)$5.190.84%
  • okbOKB(OKB)$52.070.18%
  • ondo-financeOndo(ONDO)$0.961.29%
  • kaspaKaspa(KAS)$0.1119531.87%
  • official-trumpOFFICIAL TRUMP(TRUMP)$14.364.33%
  • ethereum-classicEthereum Classic(ETC)$18.731.39%
  • internet-computerInternet Computer(ICP)$5.28-0.11%
  • gatechain-tokenGateToken(GT)$21.650.70%
  • crypto-com-chainCronos(CRO)$0.096743-0.07%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2389212.42%
  • mantleMantle(MNT)$0.74-1.15%
  • vechainVeChain(VET)$0.0286520.43%
  • render-tokenRender(RENDER)$4.700.97%
  • ethenaEthena(ENA)$0.3951583.78%
  • usd1World Liberty Financial USD(USD1)$1.000.11%
  • arbitrumArbitrum(ARB)$0.4039752.15%
  • algorandAlgorand(ALGO)$0.2268530.87%
  • filecoinFilecoin(FIL)$2.911.57%