Foreign media reports that Bitcoin has recently confirmed the formation of a "golden cross," where the 50-day moving average has crossed above the 200-day moving average. This is the first time this technical pattern has appeared since November 2025, and it has once again drawn market attention to whether Bitcoin can return to the $100,000 level.
Strong historical performance
The article mentions that in the past, after several similar patterns appeared, Bitcoin has experienced strong upward trends. Following the previous three “golden crosses,” BTC rose by approximately 50%, 45%, and 60% respectively. This is also one of the important reasons for the current market's continued bullish outlook.
However, foreign media do not regard this signal as a sole deciding factor. The improvement in technical patterns more reflects a strengthening of the medium-term trend, but whether prices can continue to rise still depends on whether capital flows and the macroeconomic environment are supportive.
ETF Capital inflows provide support
The article states that recently, the capital inflow into Bitcoin ETF has risen to nearly $3.8 billion, which is seen as an important factor supporting the price. If the capital inflow continues, market expectations for BTC to once again challenge the $100,000 mark may further heat up.
In late August, Bitcoin also saw a period of upward movement. Reports attributed this trend in part to Trump's statements on cryptocurrency activities at the White House. At that time, Trump stated that the United States planned to purchase large amounts of Bitcoin and other crypto assets. Meanwhile, the U.S. Treasury Department increased its treasury bond repurchases, which also contributed to an increase in market liquidity.
There is still resistance around $81,000.
Despite the strengthening technical aspects, the article believes that Bitcoin still faces significant resistance in the range of $79,000 to $81,000. In other words, even if market sentiment improves, for BTC to further expand its upward momentum, it will need to break through this price range first.
Earlier this month, Federal Reserve governors Christopher J and Waller indicated that if inflation no longer rises, interest rates may remain unchanged. This statement temporarily boosted risk assets, including Bitcoin.
On the other hand, the article also mentions that the hawkish remarks made by Federal Reserve Chairman Kevin Warsh at the Jackson Hole Conference earlier are still affecting market sentiment. He emphasized the risk of rising inflation, and the employment data in August was not ideal, leading some market participants to bet again on a 25-basis-point interest rate hike. If interest rate expectations remain tight, it may become more difficult for Bitcoin to return to the $100,000 level in the short term.
