The golden cross at $BTC , one of the most anticipated technical indicators in the cryptocurrency market, is approaching. This pattern (the 50-day moving average crossing the 200-day moving average) is often interpreted as a bullish sign of possible upward momentum. Traders and investors are closely watching this crossover, which could spark the next big move higher as Bitcoin is currently trading around $62,000. However, the technical indicator alone may not be enough to break through the $65,000 resistance level. Recent attempts have proven that Bitcoin has a hard time breaking through the psychological barrier of $65,000.

To break through this barrier, Bitcoin currently needs a new round of market enthusiasm and momentum. According to the 100-day moving average, Bitcoin’s next support level is at $60,500. When the price tested this important stability level during the recent market downturn, it provided support.

If BTC fails to hold the $59,500 area, buyers will regularly step in to support the price, and this area will become the next downside target. While the upcoming golden cross is a very bullish sign overall, it does not guarantee an early breakout. To push Bitcoin past the critical $65,000 mark, the market still needs external influences, such as increased buying interest or encouraging macroeconomic news.

Ethereum Rising ETH continues to trade above its 50-day moving average, a key indicator of market strength, showing signs of a continued bullish trend. #本周美国将公布PCE、GDP数据 #加密市场反弹 #哈里斯支持数字资产