Golden Cross Day 10: Bitcoin Tracking the Median Path, Day 60 Historically Pays +20%
Bitcoin is tracking the historical average path after its golden cross, which is good news for holders if the pattern keeps playing out.
- The golden cross (50-day average crossing above the 200-day) happened on September 7, and Bitcoin is now 3.5% above the cross price.
- Day 10 is usually when returns from a golden cross start turning positive, and that is exactly where Bitcoin sits now.
- The next few days usually don't do much, but returns historically pick up sharply around day 20 to day 30.
- By day 60, the median return after past golden crosses is a little over 20%.
Outlook: If Bitcoin keeps following the historical script, the bigger gains are still ahead over the next one to two months.