Bitcoin appears to be entering a long-term uptrend, a move set to provide traders with opportunities to capitalize on surges for strategic returns. According to data shared today on the X platform, market analyst CryptoGoos confirmed that Bitcoin has built a golden cross pattern on its trading chart, an indicator that the flagship cryptocurrency could be entering a new recovery phase in the coming months.
The presence of a golden cross structure in Bitcoin’s technical chart, as illustrated by the analyst, signals a possible change in momentum from a bear market to bullish demand. Typically, this bullish signal happens when the 50 MA crosses over the 200 MA, as demonstrated in the analyst’s chart, suggesting a shift in Bitcoin’s momentum towards a bullish trend.
Bitcoin’s Bullish Uptrend Energized by Golden Cross
The technical chart shared by the analyst suggests that Bitcoin’s potential bullish breakout is imminent. The golden cross pattern often triggers significant rebounds, sometimes 40%-70% price upswings. Bitcoin has exhibited this structure periodically in previous bull markets, most recently in October 2023, October 2024, and September 2025, when its price saw significant spikes.
This latest golden cross was confirmed genuine today, July 30, a move that enabled BTC to experience recent gains, although the surges have been relatively small, at 10.7% over the past 30 days. The analyst pointed out that this bullish formation could send BTC towards the $147,000 level in the coming months, up from its current price of $62,474.
Bitcoin has extended its market recovery following the Fed’s FOMC meeting on Wednesday this week, which decided to keep interest rates steady at 3.5%-3.75%. The asset surged from $63,400 to a high of $64,710 after the meeting announcement and has since maintained its value above the crucial $63k support level, dating back to July 7.
 
The token has struggled to bounce back after months of weakening momentum driven by uncertainties surrounding US-Iran tensions, the Fed’s interest rate decision, and the delay in the passage of the Clarity Act. Despite that, BTC has maintained its price above the critical psychological support level at $63,000 over the past three weeks, showing its defiance against the odds and suggesting underlying demand at the zone where buyers are defending.
What Does This Imply for BTC Price?
As of now, the formation of the golden cross aligns with the underlying fundamentals, including Bitcoin holding its key $63,000 support level firmly and intensifying whale buying activity, highlighting market enthusiasm.
As highlighted above, Bitcoin’s 50 MA crossing above its 200 MA is a constructive sign for the current market outlook, indicating bullish momentum building. While the asset’s price action currently consolidates around $64,000, market sentiment remains enthusiastic, with anticipation of further price discovery. The formation of the golden cross pattern suggests a possible imminent bull market, potentially catalyzed by the passage of the Clarity ACT next month.
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