Bitcoin Inches Toward Golden Cross as $100K Target Looms

Bitcoin (BTC) is nearing a critical technical event known as a golden cross, expected within the next 24 to 48 hours. This bullish indicator, where the 50-day exponential moving average (EMA) crosses above the 100-day EMA, often signals strong upward momentum and attracts attention from institutional investors and swing traders alike.

BTC is currently trading around $94,900 after a strong breakout past $90,000. Despite flattening price action just below key resistance levels, the market momentum remains intact. Notably, Bitcoin has surged well above the 100 EMA, which sits at $88,837—an uncommon pattern this deep into a rally. Meanwhile, the 50-day EMA is approximately $88,395 and is now nearly converging with the 100-day EMA.

For the golden cross to confirm, Bitcoin must continue trading above the $90,000 threshold. Any drop toward $88,000 could delay or weaken the signal. However, if BTC sustains current levels or moves higher, the golden cross is highly likely to occur in the next few sessions.

Traders are eyeing the psychological barrier of $100,000, with $98,000 serving as the immediate resistance. Market indicators like the Relative Strength Index (RSI) remain healthy around 67, suggesting BTC still has room to rally without appearing overbought.

With growing confidence and steady trading volume, Bitcoin’s path toward six-figure territory seems increasingly viable. A confirmed golden cross could trigger renewed buying interest and propel the asset into its next bullish phase. Investors should watch closely as this pivotal moment unfolds.