Bitcoin (BTC) is approaching a potentially bullish golden cross that has preceded strong three-month returns since March 2020.
Bitcoin Gained ~38% Average After Previous Golden Crosses
As of Thursday, Sept. 10, Bitcoin’s 50-day exponential moving average (50-day EMA, red) stood near $72,708, just below its 200-day EMA (blue) at around $72,864.
A crossover would confirm the golden cross, a technical signal that typically reflects improving medium-term momentum. History has largely favored Bitcoin following similar setups.
That puts the average three-month return at roughly 37.7%, with Bitcoin finishing higher after all four signals.
The latest setup appears as BTC trades near $77,400, already above both long-term EMAs. Its 20-day EMA (green) has also climbed toward $77,060, reflecting improving short-term momentum following the rebound from June lows.
A 37.7% advance from current levels would put BTC near $106,500 within roughly three months if Bitcoin repeats its historical average after the upcoming crossover.
The golden cross, however, remains unconfirmed until the 50-day EMA decisively moves above the 200-day EMA.
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See all Bitcoin forecastsBitcoin Cup-and-Handle Breakout Could Target $113,000
The incoming golden cross also coincides with a potentially bullish cup-and-handle structure on Bitcoin’s daily chart.
BTC appears to have completed the “cup” after recovering from its June low near $58,000 back toward the $80,000–$82,000 resistance zone.
That area previously acted as a distribution range in May and now serves as the pattern’s neckline.
Bitcoin is currently consolidating below the neckline inside a broadening wedge, which may represent the handle phase of the larger setup. A breakout above the wedge’s upper trendline would put the $80,000–$82,000 region back in focus.
More importantly, a decisive daily close above $82,000 would confirm the broader cup-and-handle breakout.
The conventional measured move, adding the cup’s roughly $23,000–$24,000 depth to the neckline, initially points toward the $104,000–$106,500 region.
An extended continuation could subsequently bring the $113,000 area into view, representing roughly 47% upside from current prices near $76,700.
Conversely, a breakdown from the broadening wedge would delay the bullish setup and expose Bitcoin to its 50-day and 200-day EMAs near $72,700–$72,900.
