Bitcoin is approaching a golden cross, a bullish technical pattern that could form if its rising 50-day simple moving average (SMA) at $63,976 moves above the 200-day SMA at $69,005. Bitcoin is trading at $71,936.32, above $71,000 and slightly above its 200-day average after gaining more than 12% over the past week. The 200-day SMA tracks the average closing price over the previous 200 days and is widely used to assess the market’s long-term trend. Sustained trading above the measure can signal a shift from a bear market to a bull market, while a move below it can suggest the reverse. Bitcoin had remained below its 200-day SMA since October 2025, when it traded at roughly $110,000, pointing to a long-term downtrend. Because bitcoin’s price typically rises before a golden cross forms, traders waiting for confirmation may have missed part of the advance. Similar crosses in February 2023, October 2023, October 2024 and April 2025 were followed by further rallies. The current move could nevertheless be a relief rally rather than the start of a sustained uptrend, and a decisive return below the 200-day SMA could undermine the case that bitcoin’s longer-term trend has turned bullish.