Bitcoin Golden Cross Confirmed: Is a $147,000 Breakout Coming?

Bitcoin's technical chart is showing a bullish signal as market analyst CryptoGoos confirmed the formation of a golden cross pattern. This indicator suggests that the cryptocurrency could be entering a new recovery phase in the coming months.

The golden cross occurs when the 50 MA crosses over the 200 MA, and this has historically triggered significant price upswings, sometimes reaching 40%-70%. Bitcoin has exhibited this structure periodically in previous bull markets, including in October 2023, October 2024, and September 2025.

The golden cross was confirmed genuine on July 30, a move that allowed BTC to experience recent gains. However, the surges have been relatively small, at 10.7% over the past 30 days. The analyst pointed out that this bullish formation could send BTC towards the $147,000 level in the coming months.

Bitcoin's price has maintained its value above the crucial $63k support level since July 7, showing underlying demand at the zone where buyers are defending.