Bitcoin is edging closer to a golden cross, a bullish pattern that could signal a significant price increase. This development comes as concerns over the sustainability of the U.S. fiscal debt continue to grow. On May 18, 2025, at 4:58 p.m., Bitcoin’s price chart is showing similarities to a pattern that preceded a surge in late 2024, when the price jumped from $70,000 to $100,000. The leading cryptocurrency is on the verge of confirming a golden cross, which occurs when the 50-day simple moving average crosses above the 200-day SMA. This suggests that the short-term trend is stronger than the broader trend, potentially leading to a major bull run.
The golden cross is significant because it follows a recent death cross, which trapped bears in the market. A similar pattern emerged in 2024, leading to a price increase above $70,000 in November of that year. The current bullish sequence began in early April and could result in another price surge following the confirmation of the golden cross. While past performance does not guarantee future results, macro factors seem to support the bullish technical setup. For example, credit rating agency Moody’s recently downgraded the U.S. sovereign credit rating from “Aaa” to “Aa1” due to concerns about the increasing national debt, which now stands at $36 trillion. This downgrade has raised further concerns about the sustainability of the U.S. fiscal debt and has implications for the cryptocurrency market.
Despite the potential for a bullish trend, it’s important to note that technical patterns do not always play out as expected. The market is unpredictable, and investors should exercise caution when interpreting these signals. However, the current environment suggests that Bitcoin could be poised for another significant price increase. With mounting concerns over the U.S. debt and the potential for a golden cross in the coming days, investors are closely watching Bitcoin’s price movements for clues about the future direction of the market.
