Bitcoin Approaches Golden Cross: Bullish Signal Amid US Debt Concerns

Updated

May 19, 2025

Gambar Bitcoin Approaches Golden Cross: Bullish Signal Amid US Debt Concerns

Jakarta, Pintu News – Bitcoin is currently on the verge of forming a technical pattern known as a “golden cross”, where the 50-day moving average crosses above the 200-day moving average. This pattern is often considered a bullish indicator that shows the potential for a long-term uptrend. A similar phenomenon occurred at the end of 2024, when BTC jumped from around $70,000 to over $100,000.

However, it is important to note that a golden cross is not a sure guarantee of a price increase. Previously, the “death cross” pattern that occurred in early April 2025 turned out to be a trap for bearish investors, as the price of BTC actually increased afterward. This shows that technical patterns should be analyzed along with other fundamental factors.

Impact of US Credit Rating Downgrade

Moody’s downgrade of the US credit rating from Aaa to Aa1 in May 2025 has raised concerns in global financial markets. The main reason for the downgrade is the rising US national debt, which now stands at $36 trillion. This situation has led investors to look for alternative hedging assets, and Bitcoin is often considered as one such option.

This reflects a shift in the perception of cryptocurrencies, particularly Bitcoin, as an asset that can hedge against global economic uncertainty. Nonetheless, high price volatility remains a key consideration for investors.

Also Read: Bitcoin (BTC) Potential to Break New Record Highs in May

Price Predictions and Market Sentiment

why bitcoin is rising today — Generated by AI

Some analysts predict that if the golden cross pattern is confirmed, the price of Bitcoin could reach between $130,000 and $150,000 (approximately Rp2.14 billion to Rp2.47 billion) by the end of 2025. This prediction is based on historical patterns where previous golden crosses were followed by significant price increases. However, these predictions remain speculative and depend on various market factors.

On the other hand, on-chain data shows that long-term holders of Bitcoin are holding on to their assets, demonstrating confidence in the cryptocurrency’s long-term potential. In addition, institutional investors continue to show interest, with several large corporations making large accumulations of BTC.

Conclusion

Bitcoin is approaching a golden cross pattern that could signal the beginning of a new uptrend, especially amid concerns over US fiscal stability. Although these technical indicators are giving positive signals, investors should remain cautious and consider various factors before making investment decisions. The high volatility of the cryptocurrency market requires a careful and informed approach.

Also Read: Ukraine Considers Bitcoin as a National Strategic Reserve

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

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