Golden Cross Revives Bitcoin's $100K Target Amid $3.8B ETF Inflows
Bitcoin's price has been boosted by a golden cross formation, where its 50-day moving average crossed above its 200-day average for the first time since November 2025. This bullish trend signal has been seen in previous formations, which were followed by gains of 50%, 45%, and 60%. However, it's essential to note that this pattern does not guarantee another rally.
Nearly $3.8 billion in ETF inflows has strengthened the bullish case for Bitcoin, although resistance remains concentrated between $79,000 and roughly $82,800 before a larger breakout can develop.
A hawkish Federal Reserve outcome could weaken the setup and push Bitcoin back toward support near $75,674. The technical picture also remains constrained by resistance, with barriers at $79,730 to $79,920, followed by a heavier zone from $80,000 to $82,793.