Bitcoin Eyes Bullish Momentum as Key Mini-Golden Cross Nears

Bitcoin is on the verge of forming a bullish technical signal that could influence the broader crypto market. A mini-golden cross—where the 50-day Exponential Moving Average (EMA) crosses above the 100-day EMA—is close to materializing. While not as widely known as the classic 50/200-day golden cross, this crossover is still a strong indicator that mid-term momentum is outpacing long-term trends.

Currently, Bitcoin is consolidating between $103,000 and $105,000 after a strong price surge earlier this month. The asset continues to trade well above key moving averages—26, 50, 100, and 200-day EMAs—highlighting ongoing bullish sentiment. The $100,000 level has established itself as a strong psychological support zone, and if Bitcoin breaks past recent highs, the mini-golden cross could trigger further upside.

Market volume remains steady, reinforcing the view that bulls are still in control. A confirmed breakout above $109,000—just shy of its all-time high—could prompt short sellers to cover positions, potentially sparking a new wave of buying activity.

However, there are risks. A strong Bitcoin rally post-crossover might pull liquidity away from altcoins, causing temporary underperformance or stagnation in that sector. Still, the technical setup suggests that confidence in both Bitcoin and the wider market is strengthening.

If the mini-golden cross completes in the coming sessions, it could serve as a pivotal point, not only for Bitcoin’s path toward a new high but also for broader crypto sentiment heading into the second half of 2025. Investors and traders should keep a close eye on price action and momentum indicators as this pattern unfolds.