BTC above $71K raises odds of a golden cross, CoinDesk says

Bitcoin’s move above $71,000 is increasing the likelihood of a golden cross between the 50-day simple moving average and the 200-day simple moving average on the daily chart, according to CoinDesk. CoinDesk said BTC had remained in a long-term downtrend since October 2025 and had consistently traded below the 200-day simple moving average, but recently moved back above that level. It added that golden crosses seen in February 2023, October 2023, October 2024 and April 2025 were also followed by further gains. Still, CoinDesk said the latest rise could be a temporary relief rally rather than a trend reversal, adding that if the price falls back below the 200-day simple moving average, the reversal signal could be invalidated.