Bitcoin’s price has risen above $71,000 after gaining more than 12% over the past week, bringing the cryptocurrency closer to a golden cross, a bullish chart pattern in which the 50-day simple moving average rises above the 200-day average. The 50-day average is currently about $63,976, while the 200-day average is about $69,005, leaving Bitcoin slightly above the longer-term measure. Bitcoin had remained below its 200-day average since October 2025, when its price was about $110,000. Golden crosses in February 2023, October 2023, October 2024 and April 2025 were followed by further gains, but CoinDesk cautioned that the latest advance could be a technical rebound rather than the start of a new long-term uptrend. A renewed drop below the 200-day average would challenge the bullish interpretation.