Bitcoin Surpasses $93,900, Golden Cross Establishes New Bullish Trend
On Tuesday evening, at around 5:45 p.m. ET, the cryptocurrency market witnessed an explosive moment when Bitcoin (BTC) hit an intraday high of $93,928 – its highest price since March. This was a remarkable jump of 6.5% in 24 hours and more than 10% in just one week, bringing the world’s largest cryptocurrency back into the global investor spotlight.
Strong Bullish Signal: Golden Cross Appears
Not only did Bitcoin break the psychological threshold of $90,000, it also made a strong technical mark with the formation of a “Golden Cross” pattern – when the short-term moving average (MA50) crosses above the long-term moving average (MA200). This is a classic indicator that analysts often consider a signal for a sustainable bull cycle.
At the same time, trading volume has increased sharply, showing that investor confidence has returned. Technical indicators are also showing positive signals, with RSI and MACD both supporting an uptrend in the short and medium term.
Bitcoin separates itself from traditional financial markets
It is worth noting that this rally is no longer tied to the stock market or traditional assets. BTC is showing a separate cycle, driven by internal factors and confidence in its ability to withstand global economic uncertainty.
Amid geopolitical tensions, a weakening US dollar, and interest rates at a crossroads, many investors are looking for new safe havens – and Bitcoin is becoming a priority destination. Institutional investment funds have also poured strong cash flows into the market, strengthening the recent uptrend.
Market sentiment is turning
The combination of positive technical data, supportive macro backdrop and growing investment flows is creating a new FOMO (Fear of Missing Out) fever in the crypto market. Many analysts believe that if BTC holds the $90,000 mark, the old peak of nearly $100,000 could be completely conquered in the coming weeks.
Bitcoin has once again proven that, despite market volatility, this digital currency remains a leader and continues to attract global attention.