Bitcoin (BTC) has finally confirmed its “golden cross” which it has been pursuing over the last few days. A golden cross is when an asset’s short-term moving average crosses above its long-term moving average. In the case of Bitcoin (BTC), the 50-day average has crossed above the 200-day for the first time since November 2025. Let’s discuss if Bitcoin’s (BTC) latest golden cross can send the asset back above the $100k mark.
Will Bitcoin’s Golden Cross Send Its Price Back Above $100k?
Bitcoin (BTC) has historically been bullish whenever a golden cross has occurred. The last three golden crosses led to BTC rallying by 50%, 45%, and 60%, respectively. Many anticipate a similar pattern this time around as well. Moreover, BTC has also seen a surge in ETF inflows. ETF inflows climbed to nearly $3.8 billion, which could also propel BTC to the $100,000 price level.
While the golden cross is a bullish development for Bitcoin (BTC), the asset’s price seems to be facing substantial resistance at the $79,000-$81,000 range. BTC’s price saw an upswing in late August after President Trump’s White House cryptocurrency event, where he stated that the US plans to purchase a large amount of Bitcoin (BTC) and other cryptocurrencies. Another bullish factor was the US Treasury’s increased bond buy backs which led to a liquidity spike.
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Bitcoin (BTC) and the larger market saw another upswing earlier this month after Federal Reserve Governor Christopher J. Waller said that interest rates may remain unchanged if inflation does not rise. However, Federal Reserve Chair Kevin Warsh’s hawkish speech at the Jackson Hole meeting last month continues to remain a point of conversation. Warsh especially emphasized rising inflation in his speech. The August jobs data was also not very promising, which has led to many anticipating a 25 basis point interest rate hike. A rake hike could bar Bitcoin (BTC) from the $100k mark anytime soon.