Golden Cross Confirmed: Bitcoin Sees Bullish Momentum Shift

Bitcoin's market momentum appears to be shifting towards a long-term uptrend, according to CryptoGoos, a market analyst who confirmed that BTC has built a golden cross pattern on its trading chart.

The presence of a golden cross structure in Bitcoin's technical chart signals a possible change in momentum from a bear market to bullish demand. Typically, this bullish signal happens when the 50 MA crosses over the 200 MA, as demonstrated in CryptoGoos' chart, suggesting a shift in Bitcoin's momentum towards a bullish trend.

Bitcoin has exhibited this structure periodically in previous bull markets, most recently in October 2023, October 2024, and September 2025, when its price saw significant spikes. This latest golden cross was confirmed genuine on July 30, a move that enabled BTC to experience recent gains, although 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, up from its current price of $62,474. The token has struggled to bounce back after months of weakening momentum driven by uncertainties surrounding US-Iran tensions, the Fed's interest rate decision, and the delay in the passage of the Clarity Act.