The movement that had been taking shape finally confirmed itself. After forming a Golden Cross on the daily chart, Bitcoin also broke above the 50-week moving average, combining two important technical signals of recovery. Taken in isolation, no indicator offers guarantees, but when they appear in sequence and are accompanied by price appreciation, they begin to build a clearly more optimistic scenario.

The Golden Cross, formed by the 50-day moving average crossing above the 200-day moving average, was the first sign that the trend was starting to change. Next, the break above the 50-week moving average reinforced this reading. When Bitcoin comes out of a bear market, the consistent recovery of this long-term indicator has historically been a positive sign, suggesting that selling pressure was losing strength and that buyers were beginning to take control again.

In addition to the technical signals, Bitcoin showed resilience in the face of potentially negative events. Neither the stalled progress of the CLARITY Act in the U.S. Senate nor the Federal Reserve’s rate hikes triggered the severe reaction that many analysts expected. When an asset receives unfavorable news and still preserves its technical structure, it usually reveals that much of the pessimism had already been absorbed by the market.

At this high level, therefore, it didn’t just appear out of nowhere: it confirms what the charts and market behavior had already been pointing to. It’s still early to declare, with absolute certainty, the definitive end of the bear market, but the signs have become far more consistent. Bitcoin appears to have stopped holding back, resumed an upward path, and begun a concrete attempt to reignite the bull market.

Disclaimer: this content is for informational purposes only and does not constitute investment advice. Crypto assets are volatile and involve risks.