Bitcoin's Golden Cross Sparks Caution Amid Strong Resistance

Bitcoin has formed a rare 'golden cross' technical indicator for the first time since May 2025. This occurs when the cryptocurrency's 50-day moving average crosses above its 200-day moving average, signaling a bullish trend. However, despite this positive sign, Bitcoin struggled to maintain gains above $80,000 and is currently facing strong resistance between $83,000 and $86,000.

The recent 'golden cross' was accompanied by institutional Bitcoin ETFs seeing inflows, but they have since started experiencing outflows. This adds complexity to the bullish outlook. Macro factors such as rising U.S. Treasury yields and potential Federal Reserve rate hikes may influence Bitcoin's next move, making upcoming inflation data critical for sustaining momentum.