Bitcoin ‘golden cross’ appears for the first time since 2023: Will BTC price rally?
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- Bitcoin's MVRV ratio is set to cross above its 200‑day EMA, a “golden cross” that CryptoQuant analyst CW8900 says is a bullish trend‑reversal signal.
- Bitcoin experienced a prior MVRV golden cross after the 2022 cycle bottom, which was followed by a 90% price surge to $31,000, and another cross in September 2023 preceded a 400% rally to the $126,000 all‑time high in October 2025.
- Bitcoin's short‑term holder cost‑basis band, now “heated” at $92,000 and “overheated” at $104,000, rose as the price climbed to $83,000, indicating new buyers are returning to profit.
- Bitcoin is retesting its 200‑day moving average at $82,500; a break above could end the multi‑month downtrend, while a rejection could trigger a sell‑off toward $50,000.
Why it matters: Traders who bought near the $60k bear‑market bottom stand to gain as the MVRV golden cross historically precedes strong rallies, while short sellers risk losses if the price breaches the $92k heated band.
