Bitcoin Just Formed a 'Golden Cross' Pattern. The Crypto Is Setting Up for a Big Fourth Quarter
When looking for best ideas for the fourth quarter nothing jumped off the charts to me — literally — like bitcoin.
TL;DR
- Bitcoin has experienced its sixth 'golden cross' pattern using 30-day and 365-day moving averages.
- This pattern has historically indicated significant trend changes and preceded major price rallies for Bitcoin.
- Previous 'golden cross' patterns have led to returns ranging from 17.7% to 85.3% for shorter durations and up to 5789% for historic runs.
- The current technical analysis shows a reversal is underway, with Bitcoin climbing back from its bottom.
- The asset needs a 48% gain to reach its previous all-time high of $126,000, set in October 2025, with old highs targeted by early 2027.