- Bitcoin forms a Golden Cross on the Bull Market Support Band, a setup last followed by a 63% price increase in bullish continuation.
- The 50-day moving average has now just crossed above the 200-day moving average, solidifying market structure and matching leading rally patterns.
- Analysts have noted the combination of these technical indicators could signal the beginning of a new bullish phase supported by better sentiment and macro points.
Bitcoin Golden Cross has just been confirmed on the Bull Market Support Band, a technical event that previously preceded a 63% rally. This pattern, now reappearing, could signal a renewed bullish phase for Bitcoin in the near term.
Bullish Technical Setup Draws Market Attention
The latest technical development was highlighted by Merlijn The Trader who reported that a Bitcoin Golden Cross is now confirmed on the Bull Market Support Band. A Golden Cross occurs when the 50-day moving average crosses above the 200-day moving average, and traders attribute bullish momentum to this crossover, especially when that crossover occurs in a broader support zone.
Merlijn pointed out that the last time this exact pattern took shape, Bitcoin saw a rally of over 63%. That rally came after a consolidation phase, resulting in a strong breakout. The current setup shows a combination of short-term recovery and long-term trend strength. The alignment with the Bull Market Support Band further increases confidence among technical analysts.
The timing of this crossover adds to its relevance, as overall market sentiment is showing signs of recovery. The combined technical structure could support the beginning of a fresh upward trend.
Historic Buy Signal Reinforces Market Outlook
Further strengthening the bullish case, Quinten | 048.eth tweeted that a “historic Bitcoin buy signal just flashed.” According to his post, this rare event has previously led to major upward moves for Bitcoin. Although he didn’t specify the indicator, historical consistency has made such alerts closely followed among traders.
This reinforcement comes during a phase where investors are cautiously optimistic. When such signals appear in tandem with a Golden Cross, traders often revisit bullish strategies. These indicators are gaining attention as the market attempts to regain momentum and establish a new price range.
Technical traders are now watching for confirmation through volume and price action over the coming weeks.
Public Companies Accelerate Bitcoin Accumulation
According to Crypto Patel, public companies are continuing to increase their Bitcoin exposure. His tweet revealed that firms such as ANAP Holdings, H100 Group, and Vanadi Coffee made recent Bitcoin purchases. ANAP Holdings added 50.56 BTC, bringing its total to 153.46 BTC. H100 Group and Vanadi Coffee followed with smaller additions.
The total number of public companies holding Bitcoin has grown to 116, with a combined 809,100 BTC now held. This figure has more than doubled from the 312,000 BTC recorded a year earlier. This upward shift suggests growing corporate confidence in Bitcoin as a treasury asset.
These accumulation trends are developing alongside bullish technical patterns, painting a picture of renewed interest from both institutions and market analysts.
