Bitcoin is gaining upward momentum and moving closer to a golden cross, a technical pattern formed when a shorter-term moving average rises above a longer-term one. The 50-day moving average is currently about $63,976, while the 200-day moving average is about $69,005. If the 50-day average continues rising and breaks above the 200-day average, the market could receive a golden-cross signal widely viewed as bullish over the long term. The 200-day moving average is commonly used to assess an asset's longer-term trend. Sustained trading above it is often seen as evidence of a shift from a bear market toward a bull market, while a break below it may indicate weakening long-term momentum. Bitcoin had remained below its 200-day average since October 2025, when BTC was priced at about $110,000, leaving its longer-term trend under pressure, CoinDesk reported in a report cited by PANews.